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Forex Trend Analysis Report

Prepared for you on Thursday, December 12, 2019.

South African Rand/South Korean Won (FOREX:ZARKRW)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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_ZARKRW
Open High Low ZARKRW Price Change
81.12184 81.24348 80.76657 80.76657 -0.35527
Entry Signal

MarketClub’s Trade Triangles for ZARKRW

long term up The long term trend has been UP since Dec 4th, 2019 at 81.69850

intermediate term up The intermediate term trend has been UP since Nov 29th, 2019 at 80.59230

short term down The short term trend has been DOWN since Dec 10th, 2019 at 80.99146

Smart Scan Analysis for ZARKRW

Based on a pre-defined weighted trend formula for chart analysis, ZARKRW scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for ZARKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
81.12184 81.24348 80.76657 80.76657 -0.35527
Prev. Close Volume Bid Ask Time
81.12184 80.75180 80.78133 2019-12-12 13:40:45
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