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Forex Trend Analysis Report

Prepared for you on Monday, October 14, 2019.

/South African Rand (FOREX:MGAZAR)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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_MGAZAR
Open High Low MGAZAR Price Change
0.003962 0.003982 0.003952 0.003968 +0.000006
Entry Signal

MarketClub’s Trade Triangles for MGAZAR

long term up The long term trend has been UP since Aug 9th, 2019 at 0.004155

intermediate term up The intermediate term trend has been UP since Oct 1st, 2019 at 0.004076

short term down The short term trend has been DOWN since Oct 11th, 2019 at 0.004049

Smart Scan Analysis for MGAZAR

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

+55
Smart Scan Analysis for MGAZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.003962 0.003982 0.003952 0.003968 +0.000006
Prev. Close Volume Bid Ask Time
0.003962 0.003967 0.003969 2019-10-14 18:47:59
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