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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

United Arab Emirates Dirham/South African Rand (FOREX:AEDZAR)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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_AEDZAR
Open High Low AEDZAR Price Change
3.9588098 3.9856625 3.9534169 3.9753199 +0.0165100
Entry Signal

MarketClub’s Trade Triangles for AEDZAR

long term down The long term trend has been DOWN since Dec 12th, 2019 at 3.9487000

intermediate term up The intermediate term trend has been UP since Jan 13th, 2020 at 3.9336410

short term up The short term trend has been UP since Jan 27th, 2020 at 3.9382712

Smart Scan Analysis for AEDZAR

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

+70
Smart Scan Analysis for AEDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.9588098 3.9856625 3.9534169 3.9753199 +0.0165100
Prev. Close Volume Bid Ask Time
3.9588098 3.9746801 3.9759597 2020-01-29 09:05:59
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