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Forex Trend Analysis Report

Prepared for you on Thursday, October 17, 2019.

South African Rand/Danish Krone (FOREX:ZARDKK)

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_ZARDKK
Open High Low ZARDKK Price Change
0.45222327 0.45511070 0.45096315 0.45276000 +0.00053700
Entry Signal

MarketClub’s Trade Triangles for ZARDKK

long term down The long term trend has been DOWN since Aug 9th, 2019 at 0.437115

intermediate term up The intermediate term trend has been UP since Oct 13th, 2019 at 0.457680

short term down The short term trend has been DOWN since Oct 16th, 2019 at 0.455907

Smart Scan Analysis for ZARDKK

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

+55
Smart Scan Analysis for ZARDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.45222327 0.45511070 0.45096315 0.45276000 +0.00053700
Prev. Close Volume Bid Ask Time
0.45222327 0.45260000 0.45292000 2019-10-17 19:57:13
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