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Forex Trend Analysis Report

Prepared for you on Saturday, January 25, 2020.

South African Rand/Hong Kong Dollar (FOREX:ZARHKD)

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_ZARHKD
Open High Low ZARHKD Price Change
0.54074241 0.54306559 0.53769439 0.53998500 -0.00075700
Entry Signal

MarketClub’s Trade Triangles for ZARHKD

long term up The long term trend has been UP since Dec 12th, 2019 at 0.54016500

intermediate term down The intermediate term trend has been DOWN since Jan 13th, 2020 at 0.53817937

short term up The short term trend has been UP since Jan 22nd, 2020 at 0.53812722

Smart Scan Analysis for ZARHKD

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

+55
Smart Scan Analysis for ZARHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.54074241 0.54306559 0.53769439 0.53998500 -0.00075700
Prev. Close Volume Bid Ask Time
0.54074241 0.53968000 0.54029000 2020-01-24 17:07:11
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