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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

Philippine Peso/South African Rand (FOREX:PHPZAR)

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_PHPZAR
Open High Low PHPZAR Price Change
0.28654918 0.28791464 0.28585001 0.28708382 +0.00053500
Entry Signal

MarketClub’s Trade Triangles for PHPZAR

long term down The long term trend has been DOWN since Dec 24th, 2019 at 0.27886000

intermediate term up The intermediate term trend has been UP since Jan 13th, 2020 at 0.28449117

short term up The short term trend has been UP since Jan 26th, 2020 at 0.28463887

Smart Scan Analysis for PHPZAR

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

+70
Smart Scan Analysis for PHPZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.28654918 0.28791464 0.28585001 0.28708382 +0.00053500
Prev. Close Volume Bid Ask Time
0.28654918 0.28699118 0.28717645 2020-01-29 09:05:42
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