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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

South African Rand/Malaysian Ringt (FOREX:ZARMYR)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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_ZARMYR
Open High Low ZARMYR Price Change
0.28046458 0.28096425 0.27919579 0.27967637 -0.00078800
Entry Signal

MarketClub’s Trade Triangles for ZARMYR

long term up The long term trend has been UP since Oct 3rd, 2019 at 0.29756000

intermediate term down The intermediate term trend has been DOWN since Jan 7th, 2020 at 0.28451788

short term down The short term trend has been DOWN since Jan 27th, 2020 at 0.28105248

Smart Scan Analysis for ZARMYR

Based on a pre-defined weighted trend formula for chart analysis, ZARMYR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for ZARMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.28046458 0.28096425 0.27919579 0.27967637 -0.00078800
Prev. Close Volume Bid Ask Time
0.28046458 0.27950500 0.27984774 2020-01-29 05:57:28
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