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Forex Trend Analysis Report

Prepared for you on Tuesday, January 28, 2020.

South African Rand/Colombian Peso (FOREX:ZARCOP)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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_ZARCOP
Open High Low ZARCOP Price Change
230.61968 230.61968 230.61968 230.61968 0.00000
Entry Signal

MarketClub’s Trade Triangles for ZARCOP

long term up The long term trend has been UP since May 24th, 2019 at 233.32000

intermediate term down The intermediate term trend has been DOWN since Dec 10th, 2019 at 231.00297

short term down The short term trend has been DOWN since Jan 27th, 2020 at 231.76951

Smart Scan Analysis for ZARCOP

Based on a pre-defined weighted trend formula for chart analysis, ZARCOP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for ZARCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
230.61968 230.61968 230.61968 230.61968 0.00000
Prev. Close Volume Bid Ask Time
230.61968 227.51143 233.72793 2020-01-27 21:07:26
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