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Forex Trend Analysis Report

Prepared for you on Thursday, February 21, 2019.

US Dollar/South African Rand (FOREX:USDZAR)

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_USDZAR
Open High Low USDZAR Price Change
14.01005 14.05499 13.87685 14.02125 +0.01120
Entry Signal

MarketClub’s Trade Triangles for USDZAR

long term down The long term trend has been DOWN since Dec 3rd, 2018 at 13.61170

intermediate term up The intermediate term trend has been UP since Feb 13th, 2019 at 13.98115

short term up The short term trend has been UP since Feb 20th, 2019 at 14.19923

Smart Scan Analysis for USDZAR

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

+70
Smart Scan Analysis for USDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.01005 14.05499 13.87685 14.02125 +0.01120
Prev. Close Volume Bid Ask Time
14.01005 14.01030 14.03220 2019-02-21 21:34:57
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