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Forex Trend Analysis Report

Prepared for you on Sunday, March 24, 2019.

South African Rand/ (FOREX:ZARCDF)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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_ZARCDF
Open High Low ZARCDF Price Change
116.09 116.09 116.09 116.09 0.00
Entry Signal

MarketClub’s Trade Triangles for ZARCDF

long term up The long term trend has been UP since Dec 2nd, 2018 at 119.620

intermediate term down The intermediate term trend has been DOWN since Feb 15th, 2019 at 117.855

short term up The short term trend has been UP since Mar 20th, 2019 at 114.260

Smart Scan Analysis for ZARCDF

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

-55
Smart Scan Analysis for ZARCDF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
116.09 116.09 116.09 116.09 0.00
Prev. Close Volume Bid Ask Time
113.42 114.54 117.64 2019-03-21 22:06:28
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