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Forex Trend Analysis Report

Prepared for you on Wednesday, January 23, 2019.

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

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_ZARAED
Open High Low ZARAED Price Change
0.263520 0.263520 0.263275 0.263315 -0.000205
Entry Signal

MarketClub’s Trade Triangles for ZARAED

long term up The long term trend has been UP since Dec 3rd, 2018 at 0.269850

intermediate term up The intermediate term trend has been UP since Jan 4th, 2019 at 0.261145

short term down The short term trend has been DOWN since Jan 18th, 2019 at 0.265460

Smart Scan Analysis for ZARAED

Based on a pre-defined weighted trend formula for chart analysis, ZARAED scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for ZARAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.263520 0.263520 0.263275 0.263315 -0.000205
Prev. Close Volume Bid Ask Time
0.263520 0.263120 0.263510 2019-01-23 00:41:24
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