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Forex Trend Analysis Report

Prepared for you on Thursday, January 23, 2020.

South African Rand/United Arab Emirates Dirham (FOREX:ZARAED)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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_ZARAED
Open High Low ZARAED Price Change
0.25600374 0.25733601 0.25532123 0.25566304 -0.00034100
Entry Signal

MarketClub’s Trade Triangles for ZARAED

long term up The long term trend has been UP since Dec 12th, 2019 at 0.25325000

intermediate term down The intermediate term trend has been DOWN since Jan 13th, 2020 at 0.25421743

short term up The short term trend has been UP since Jan 22nd, 2020 at 0.25444572

Smart Scan Analysis for ZARAED

Based on a pre-defined weighted trend formula for chart analysis, ZARAED scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+55
Smart Scan Analysis for ZARAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.25600374 0.25733601 0.25532123 0.25566304 -0.00034100
Prev. Close Volume Bid Ask Time
0.25600374 0.25558741 0.25573866 2020-01-23 08:49:46
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