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Forex Trend Analysis Report

Prepared for you on Thursday, January 23, 2020.

South African Rand/Mauritius Rupee (FOREX:ZARMUR)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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_ZARMUR
Open High Low ZARMUR Price Change
2.5554699 2.5596622 2.5315056 2.5424452 -0.0130250
Entry Signal

MarketClub’s Trade Triangles for ZARMUR

long term up The long term trend has been UP since Dec 2nd, 2019 at 2.5222067

intermediate term down The intermediate term trend has been DOWN since Jan 13th, 2020 at 2.5251076

short term up The short term trend has been UP since Jan 22nd, 2020 at 2.5560472

Smart Scan Analysis for ZARMUR

Based on a pre-defined weighted trend formula for chart analysis, ZARMUR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for ZARMUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.5554699 2.5596622 2.5315056 2.5424452 -0.0130250
Prev. Close Volume Bid Ask Time
2.5554699 2.4483038 2.6365866 2020-01-23 09:49:23
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