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Forex Trend Analysis Report

Prepared for you on Monday, December 9, 2019.

Canadian Dollar/South African Rand (FOREX:CADZAR)

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_CADZAR
Open High Low CADZAR Price Change
11.021300 11.102008 11.005600 11.093320 +0.072020
Entry Signal

MarketClub’s Trade Triangles for CADZAR

long term down The long term trend has been DOWN since Dec 2nd, 2019 at 10.947000

intermediate term down The intermediate term trend has been DOWN since Nov 15th, 2019 at 11.120000

short term down The short term trend has been DOWN since Dec 9th, 2019 at 11.016674

Smart Scan Analysis for CADZAR

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

-70
Smart Scan Analysis for CADZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.021300 11.102008 11.005600 11.093320 +0.072020
Prev. Close Volume Bid Ask Time
11.021300 11.089756 11.096883 2019-12-09 13:23:57
Want to analyze Canadian Dollar/South African Rand CADZAR or another symbol? Try our Free Forex Trend Analysis Report.