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Forex Trend Analysis Report

Prepared for you on Sunday, September 15, 2019.

South African Rand/ (FOREX:ZARGHS)

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_ZARGHS
Open High Low ZARGHS Price Change
0.372265 0.372265 0.372265 0.372265 0.000000
Entry Signal

MarketClub’s Trade Triangles for ZARGHS

long term down The long term trend has been DOWN since Aug 11th, 2019 at 0.355165

intermediate term up The intermediate term trend has been UP since Sep 1st, 2019 at 0.359920

short term up The short term trend has been UP since Sep 1st, 2019 at 0.359920

Smart Scan Analysis for ZARGHS

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

-60
Smart Scan Analysis for ZARGHS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.372265 0.372265 0.372265 0.372265 0.000000
Prev. Close Volume Bid Ask Time
0.372265 0.370720 0.373810 2019-09-15 20:00:10
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