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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

South African Rand/Canadian Dollar (FOREX:ZARCAD)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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_ZARCAD
Open High Low ZARCAD Price Change
0.0898780 0.0903485 0.0895330 0.0901975 +0.0003200
Entry Signal

MarketClub’s Trade Triangles for ZARCAD

long term up The long term trend has been UP since Dec 2nd, 2019 at 0.0913450

intermediate term down The intermediate term trend has been DOWN since Jan 6th, 2020 at 0.0903825

short term down The short term trend has been DOWN since Jan 13th, 2020 at 0.0908400

Smart Scan Analysis for ZARCAD

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

-70
Smart Scan Analysis for ZARCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0898780 0.0903485 0.0895330 0.0901975 +0.0003200
Prev. Close Volume Bid Ask Time
0.0898780 0.0901650 0.0902300 2020-01-21 10:04:14
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