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Forex Trend Analysis Report

Prepared for you on Wednesday, January 22, 2020.

South African Rand/Swiss Franc (FOREX:ZARCHF)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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_ZARCHF
Open High Low ZARCHF Price Change
0.06698152 0.06750500 0.06694954 0.06741130 +0.00043000
Entry Signal

MarketClub’s Trade Triangles for ZARCHF

long term up The long term trend has been UP since Dec 18th, 2019 at 0.06861463

intermediate term down The intermediate term trend has been DOWN since Jan 6th, 2020 at 0.06766280

short term up The short term trend has been UP since Jan 22nd, 2020 at 0.06711453

Smart Scan Analysis for ZARCHF

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

+55
Smart Scan Analysis for ZARCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06698152 0.06750500 0.06694954 0.06741130 +0.00043000
Prev. Close Volume Bid Ask Time
0.06698152 0.06741004 0.06741255 2020-01-22 10:19:22
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