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Forex Trend Analysis Report

Prepared for you on Monday, July 15, 2019.

South African Rand/Mexican Peso (FOREX:ZARMXN)

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_ZARMXN
Open High Low ZARMXN Price Change
1.359950 1.367850 1.359300 1.362315 +0.002365
Entry Signal

MarketClub’s Trade Triangles for ZARMXN

long term up The long term trend has been UP since Jul 10th, 2019 at 1.37400

intermediate term up The intermediate term trend has been UP since Jul 10th, 2019 at 1.36585

short term up The short term trend has been UP since Jul 10th, 2019 at 1.36360

Smart Scan Analysis for ZARMXN

Based on a pre-defined weighted trend formula for chart analysis, ZARMXN scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+90
Smart Scan Analysis for ZARMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.359950 1.367850 1.359300 1.362315 +0.002365
Prev. Close Volume Bid Ask Time
1.359950 1.361720 1.362910 2019-07-15 14:46:57
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