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Forex Trend Analysis Report

Prepared for you on Saturday, January 25, 2020.

Hong Kong Dollar/South African Rand (FOREX:HKDZAR)

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_HKDZAR
Open High Low HKDZAR Price Change
1.8519124 1.8519124 1.8519124 1.8519124 0.0000000
Entry Signal

MarketClub’s Trade Triangles for HKDZAR

long term down The long term trend has been DOWN since Dec 12th, 2019 at 1.8513845

intermediate term up The intermediate term trend has been UP since Jan 13th, 2020 at 1.8580574

short term down The short term trend has been DOWN since Jan 22nd, 2020 at 1.8584244

Smart Scan Analysis for HKDZAR

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

-55
Smart Scan Analysis for HKDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.8519124 1.8519124 1.8519124 1.8519124 0.0000000
Prev. Close Volume Bid Ask Time
1.8519124 1.8506661 1.8531587 2020-01-25 13:21:36
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