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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

Australian Dollar/South African Rand (FOREX:AUDZAR)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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_AUDZAR
Open High Low AUDZAR Price Change
9.996000 10.007830 9.993850 9.996033 +0.000033
Entry Signal

MarketClub’s Trade Triangles for AUDZAR

long term down The long term trend has been DOWN since Dec 16th, 2019 at 9.893078

intermediate term up The intermediate term trend has been UP since Jan 13th, 2020 at 9.973221

short term down The short term trend has been DOWN since Feb 11th, 2020 at 9.986490

Smart Scan Analysis for AUDZAR

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

-55
Smart Scan Analysis for AUDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.996000 10.007830 9.993850 9.996033 +0.000033
Prev. Close Volume Bid Ask Time
9.996000 9.992233 9.999832 2020-02-17 01:26:42
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