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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

South African Rand/Rwandan Franc (FOREX:ZARRWF)

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_ZARRWF
Open High Low ZARRWF Price Change
65.044046 65.044046 65.044046 65.044046 0.000000
Entry Signal

MarketClub’s Trade Triangles for ZARRWF

long term up The long term trend has been UP since Dec 4th, 2019 at 63.745874

intermediate term down The intermediate term trend has been DOWN since Jan 12th, 2020 at 66.509820

short term down The short term trend has been DOWN since Jan 27th, 2020 at 65.594191

Smart Scan Analysis for ZARRWF

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

-70
Smart Scan Analysis for ZARRWF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
65.044046 65.044046 65.044046 65.044046 0.000000
Prev. Close Volume Bid Ask Time
65.044046 64.110337 65.977755 2020-01-29 07:19:23
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