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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

US Dollar/South African Rand (FOREX:USDZAR)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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_USDZAR
Open High Low USDZAR Price Change
14.541625 14.636750 14.519550 14.588850 +0.047225
Entry Signal

MarketClub’s Trade Triangles for USDZAR

long term down The long term trend has been DOWN since Dec 12th, 2019 at 14.50475

intermediate term up The intermediate term trend has been UP since Jan 13th, 2020 at 14.45120

short term up The short term trend has been UP since Jan 27th, 2020 at 14.46527

Smart Scan Analysis for USDZAR

Based on a pre-defined weighted trend formula for chart analysis, USDZAR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for USDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.541625 14.636750 14.519550 14.588850 +0.047225
Prev. Close Volume Bid Ask Time
14.541625 14.587300 14.590400 2020-01-29 09:21:16
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