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Forex Trend Analysis Report

Prepared for you on Sunday, May 26, 2019.

South African Rand/ (FOREX:ZARGHS)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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_ZARGHS
Open High Low ZARGHS Price Change
0.364095 0.364720 0.364095 0.364720 +0.000625
Entry Signal

MarketClub’s Trade Triangles for ZARGHS

long term up The long term trend has been UP since Nov 29th, 2018 at 0.35989

intermediate term up The intermediate term trend has been UP since May 16th, 2019 at 0.36273

short term up The short term trend has been UP since May 24th, 2019 at 0.36290

Smart Scan Analysis for ZARGHS

Based on a pre-defined weighted trend formula for chart analysis, ZARGHS scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+80
Smart Scan Analysis for ZARGHS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.364095 0.364720 0.364095 0.364720 +0.000625
Prev. Close Volume Bid Ask Time
0.364095 0.363170 0.366270 2019-05-25 09:13:17
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