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Forex Trend Analysis Report

Prepared for you on Thursday, January 23, 2020.

Mauritius Rupee/South African Rand (FOREX:MURZAR)

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_MURZAR
Open High Low MURZAR Price Change
0.39185103 0.39557013 0.39120950 0.39204467 +0.00019400
Entry Signal

MarketClub’s Trade Triangles for MURZAR

long term down The long term trend has been DOWN since Dec 2nd, 2019 at 0.39701961

intermediate term up The intermediate term trend has been UP since Jan 13th, 2020 at 0.39656165

short term down The short term trend has been DOWN since Jan 22nd, 2020 at 0.39268578

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
0.39185103 0.39557013 0.39120950 0.39204467 +0.00019400
Prev. Close Volume Bid Ask Time
0.39185103 0.37759585 0.40649349 2020-01-23 06:12:15
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