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Forex Trend Analysis Report

Prepared for you on Wednesday, January 22, 2020.

Singapore Dollar/South African Rand (FOREX:SGDZAR)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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_SGDZAR
Open High Low SGDZAR Price Change
10.725447 10.746999 10.664092 10.677024 -0.048423
Entry Signal

MarketClub’s Trade Triangles for SGDZAR

long term down The long term trend has been DOWN since Dec 18th, 2019 at 10.561000

intermediate term up The intermediate term trend has been UP since Jan 13th, 2020 at 10.685547

short term down The short term trend has been DOWN since Jan 22nd, 2020 at 10.708063

Smart Scan Analysis for SGDZAR

Based on a pre-defined weighted trend formula for chart analysis, SGDZAR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for SGDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.725447 10.746999 10.664092 10.677024 -0.048423
Prev. Close Volume Bid Ask Time
10.725447 10.675875 10.678173 2020-01-22 08:52:40
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