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Forex Trend Analysis Report

Prepared for you on Thursday, January 23, 2020.

South African Rand/Rwandan Franc (FOREX:ZARRWF)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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_ZARRWF
Open High Low ZARRWF Price Change
66.051471 66.051471 66.051471 66.051471 0.000000
Entry Signal

MarketClub’s Trade Triangles for ZARRWF

long term up The long term trend has been UP since Dec 4th, 2019 at 63.745874

intermediate term down The intermediate term trend has been DOWN since Jan 12th, 2020 at 66.509820

short term up The short term trend has been UP since Jan 23rd, 2020 at 65.894036

Smart Scan Analysis for ZARRWF

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

+55
Smart Scan Analysis for ZARRWF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
66.051471 66.051471 66.051471 66.051471 0.000000
Prev. Close Volume Bid Ask Time
66.051471 65.110549 66.992393 2020-01-23 07:12:37
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