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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

South African Rand/Euro (FOREX:ZAREUR)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_ZAREUR
Open High Low ZAREUR Price Change
0.06201947 0.06237195 0.06175755 0.06220696 +0.00018700
Entry Signal

MarketClub’s Trade Triangles for ZAREUR

long term up The long term trend has been UP since Dec 18th, 2019 at 0.06279100

intermediate term down The intermediate term trend has been DOWN since Jan 14th, 2020 at 0.06201000

short term down The short term trend has been DOWN since Jan 13th, 2020 at 0.06255768

Smart Scan Analysis for ZAREUR

Based on a pre-defined weighted trend formula for chart analysis, ZAREUR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for ZAREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06201947 0.06237195 0.06175755 0.06220696 +0.00018700
Prev. Close Volume Bid Ask Time
0.06201947 0.06216014 0.06225379 2020-01-21 18:00:42
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