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Forex Trend Analysis Report

Prepared for you on Thursday, January 23, 2020.

South African Rand/Canadian Dollar (FOREX:ZARCAD)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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_ZARCAD
Open High Low ZARCAD Price Change
0.09175200 0.09220550 0.09144487 0.09156700 -0.00018500
Entry Signal

MarketClub’s Trade Triangles for ZARCAD

long term up The long term trend has been UP since Dec 2nd, 2019 at 0.0913450

intermediate term down The intermediate term trend has been DOWN since Jan 6th, 2020 at 0.0903825

short term up The short term trend has been UP since Jan 22nd, 2020 at 0.0905310

Smart Scan Analysis for ZARCAD

Based on a pre-defined weighted trend formula for chart analysis, ZARCAD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for ZARCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.09175200 0.09220550 0.09144487 0.09156700 -0.00018500
Prev. Close Volume Bid Ask Time
0.09175200 0.09153400 0.09160000 2020-01-23 09:11:45
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