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Forex Trend Analysis Report

Prepared for you on Friday, October 18, 2019.

Mauritius Rupee/South African Rand (FOREX:MURZAR)

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_MURZAR
Open High Low MURZAR Price Change
0.41060935 0.41245993 0.40599191 0.40743940 -0.00317000
Entry Signal

MarketClub’s Trade Triangles for MURZAR

long term up The long term trend has been UP since Aug 12th, 2019 at 0.427590

intermediate term down The intermediate term trend has been DOWN since Oct 14th, 2019 at 0.408395

short term up The short term trend has been UP since Oct 17th, 2019 at 0.411430

Smart Scan Analysis for MURZAR

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

+55
Smart Scan Analysis for MURZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.41060935 0.41245993 0.40599191 0.40743940 -0.00317000
Prev. Close Volume Bid Ask Time
0.41060935 0.39236766 0.42251114 2019-10-17 21:48:03
Want to analyze Mauritius Rupee/South African Rand MURZAR or another symbol? Try our Free Forex Trend Analysis Report.