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Forex Trend Analysis Report

Prepared for you on Saturday, January 18, 2020.

South African Rand/Nigerian Naira (FOREX:ZARNGN)

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_ZARNGN
Open High Low ZARNGN Price Change
25.079038 25.184267 24.942476 24.976607 -0.102431
Entry Signal

MarketClub’s Trade Triangles for ZARNGN

long term up The long term trend has been UP since Jul 15th, 2019 at 25.967500

intermediate term down The intermediate term trend has been DOWN since Jan 13th, 2020 at 25.086768

short term up The short term trend has been UP since Jan 7th, 2020 at 25.568351

Smart Scan Analysis for ZARNGN

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

-55
Smart Scan Analysis for ZARNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
25.079038 25.184267 24.942476 24.976607 -0.102431
Prev. Close Volume Bid Ask Time
25.079038 24.959350 24.993864 2020-01-17 17:14:30
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