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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

Romanian Leu/South African Rand (FOREX:RONZAR)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_RONZAR
Open High Low RONZAR Price Change
3.3513818 3.3665846 3.3492062 3.3660996 +0.0147180
Entry Signal

MarketClub’s Trade Triangles for RONZAR

long term down The long term trend has been DOWN since Dec 13th, 2019 at 3.3640914

intermediate term up The intermediate term trend has been UP since Jan 14th, 2020 at 3.3726652

short term up The short term trend has been UP since Jan 27th, 2020 at 3.3632561

Smart Scan Analysis for RONZAR

Based on a pre-defined weighted trend formula for chart analysis, RONZAR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for RONZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.3513818 3.3665846 3.3492062 3.3660996 +0.0147180
Prev. Close Volume Bid Ask Time
3.3513818 3.3635807 3.3686185 2020-01-29 06:34:37
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