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Forex Trend Analysis Report

Prepared for you on Tuesday, January 28, 2020.

South African Rand/Egyptian Pound (FOREX:ZAREGP)

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_ZAREGP
Open High Low ZAREGP Price Change
1.0816137 1.0878363 1.0737732 1.0871106 +0.0054970
Entry Signal

MarketClub’s Trade Triangles for ZAREGP

long term up The long term trend has been UP since Dec 20th, 2019 at 1.1323000

intermediate term down The intermediate term trend has been DOWN since Jan 13th, 2020 at 1.1095974

short term down The short term trend has been DOWN since Jan 27th, 2020 at 1.0915555

Smart Scan Analysis for ZAREGP

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

-60
Smart Scan Analysis for ZAREGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0816137 1.0878363 1.0737732 1.0871106 +0.0054970
Prev. Close Volume Bid Ask Time
1.0816137 1.0859887 1.0882324 2020-01-28 18:32:10
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