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Forex Trend Analysis Report

Prepared for you on Tuesday, July 16, 2019.

South African Rand/Ethiopian Birr (FOREX:ZARETB)

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_ZARETB
Open High Low ZARETB Price Change
2.10070 2.11080 2.07185 2.07530 -0.02540
Entry Signal

MarketClub’s Trade Triangles for ZARETB

long term up The long term trend has been UP since Jul 10th, 2019 at 2.07745

intermediate term up The intermediate term trend has been UP since Jun 19th, 2019 at 2.01470

short term up The short term trend has been UP since Jul 10th, 2019 at 2.06385

Smart Scan Analysis for ZARETB

Based on a pre-defined weighted trend formula for chart analysis, ZARETB scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+90
Smart Scan Analysis for ZARETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.10070 2.11080 2.07185 2.07530 -0.02540
Prev. Close Volume Bid Ask Time
2.1007 2.07500 2.07560 2019-07-16 12:20:27
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