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Forex Trend Analysis Report

Prepared for you on Wednesday, January 22, 2020.

South African Rand/Hungarian Forint (FOREX:ZARHUF)

Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_ZARHUF
Open High Low ZARHUF Price Change
20.826001 21.132300 20.824478 21.130795 +0.304794
Entry Signal

MarketClub’s Trade Triangles for ZARHUF

long term up The long term trend has been UP since Nov 27th, 2019 at 20.757500

intermediate term up The intermediate term trend has been UP since Dec 18th, 2019 at 20.811150

short term up The short term trend has been UP since Jan 22nd, 2020 at 20.997699

Smart Scan Analysis for ZARHUF

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

+100
Smart Scan Analysis for ZARHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.826001 21.132300 20.824478 21.130795 +0.304794
Prev. Close Volume Bid Ask Time
20.826001 21.123157 21.138434 2020-01-22 10:30:40
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