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Forex Trend Analysis Report

Prepared for you on Saturday, January 18, 2020.

Singapore Dollar/South African Rand (FOREX:SGDZAR)

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_SGDZAR
Open High Low SGDZAR Price Change
10.702468 10.752688 10.666543 10.741398 +0.038930
Entry Signal

MarketClub’s Trade Triangles for SGDZAR

long term down The long term trend has been DOWN since Dec 18th, 2019 at 10.561000

intermediate term up The intermediate term trend has been UP since Jan 13th, 2020 at 10.685547

short term up The short term trend has been UP since Jan 13th, 2020 at 10.661702

Smart Scan Analysis for SGDZAR

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

+70
Smart Scan Analysis for SGDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.702468 10.752688 10.666543 10.741398 +0.038930
Prev. Close Volume Bid Ask Time
10.702468 10.733976 10.748819 2020-01-17 17:14:30
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