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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

South African Rand/ (FOREX:ZARGHS)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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.

FOREX_ZARGHS
Open High Low ZARGHS Price Change
0.38041800 0.38041800 0.38041800 0.38041800 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ZARGHS

long term up The long term trend has been UP since Nov 24th, 2019 at 0.37712046

intermediate term down The intermediate term trend has been DOWN since Jan 12th, 2020 at 0.39862467

short term down The short term trend has been DOWN since Jan 26th, 2020 at 0.38819306

Smart Scan Analysis for ZARGHS

Based on a pre-defined weighted trend formula for chart analysis, ZARGHS scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for ZARGHS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.38041800 0.38041800 0.38041800 0.38041800 0.00000000
Prev. Close Volume Bid Ask Time
0.38041800 0.37886182 0.38197418 2020-01-29 07:19:22
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