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Forex Trend Analysis Report

Prepared for you on Monday, August 19, 2019.

/South African Rand (FOREX:MZNZAR)

Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_MZNZAR
Open High Low MZNZAR Price Change
0.289945 0.291605 0.288270 0.291250 +0.001305
Entry Signal

MarketClub’s Trade Triangles for MZNZAR

long term up The long term trend has been UP since Aug 8th, 2019 at 0.287640

intermediate term up The intermediate term trend has been UP since Jul 26th, 2019 at 0.271335

short term up The short term trend has been UP since Aug 1st, 2019 at 0.272930

Smart Scan Analysis for MZNZAR

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

+100
Smart Scan Analysis for MZNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.289945 0.291605 0.288270 0.291250 +0.001305
Prev. Close Volume Bid Ask Time
0.289945 0.291190 0.291310 2019-08-19 08:37:56
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