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Forex Trend Analysis Report

Prepared for you on Friday, January 17, 2020.

South African Rand/Colombian Peso (FOREX:ZARCOP)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_ZARCOP
Open High Low ZARCOP Price Change
229.36760 229.36760 229.36760 229.36760 0.00000
Entry Signal

MarketClub’s Trade Triangles for ZARCOP

long term up The long term trend has been UP since May 24th, 2019 at 233.32000

intermediate term down The intermediate term trend has been DOWN since Dec 10th, 2019 at 231.00297

short term down The short term trend has been DOWN since Jan 12th, 2020 at 227.74516

Smart Scan Analysis for ZARCOP

Based on a pre-defined weighted trend formula for chart analysis, ZARCOP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for ZARCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
229.36760 229.36760 229.36760 229.36760 0.00000
Prev. Close Volume Bid Ask Time
229.36760 226.25339 232.48181 2020-01-16 21:12:50
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