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Forex Trend Analysis Report

Prepared for you on Monday, October 14, 2019.

South African Rand/Ethiopian Birr (FOREX:ZARETB)

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.

Open High Low ZARETB Price Change
1.996418 1.998007 1.992896 1.993898 -0.002520
Entry Signal

MarketClub’s Trade Triangles for ZARETB

long term up The long term trend has been UP since Sep 24th, 2019 at 2.11080

intermediate term down The intermediate term trend has been DOWN since Sep 29th, 2019 at 1.94525

short term up The short term trend has been UP since Oct 11th, 2019 at 1.95910

Smart Scan Analysis for ZARETB

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

Smart Scan Analysis for ZARETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.996418 1.998007 1.992896 1.993898 -0.002520
Prev. Close Volume Bid Ask Time
1.996418 1.991876 1.995920 2019-10-14 08:50:48
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