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Forex Trend Analysis Report

Prepared for you on Friday, February 22, 2019.

Indian Rupee/South African Rand (FOREX:INRZAR)

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_INRZAR
Open High Low INRZAR Price Change
0.196865 0.197460 0.196095 0.196865 0.000000
Entry Signal

MarketClub’s Trade Triangles for INRZAR

long term down The long term trend has been DOWN since Nov 7th, 2018 at 0.19185

intermediate term up The intermediate term trend has been UP since Feb 13th, 2019 at 0.19630

short term up The short term trend has been UP since Feb 20th, 2019 at 0.19878

Smart Scan Analysis for INRZAR

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

+70
Smart Scan Analysis for INRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.196865 0.197460 0.196095 0.196865 0.000000
Prev. Close Volume Bid Ask Time
0.196865 0.196660 0.197070 2019-02-22 18:16:59
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