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Forex Trend Analysis Report

Prepared for you on Friday, January 17, 2020.

South African Rand/Singapore Dollar (FOREX:ZARSGD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_ZARSGD
Open High Low ZARSGD Price Change
0.09343640 0.09376306 0.09299438 0.09325182 -0.00018500
Entry Signal

MarketClub’s Trade Triangles for ZARSGD

long term up The long term trend has been UP since Dec 18th, 2019 at 0.09491000

intermediate term down The intermediate term trend has been DOWN since Jan 13th, 2020 at 0.09360123

short term down The short term trend has been DOWN since Jan 13th, 2020 at 0.09379596

Smart Scan Analysis for ZARSGD

Based on a pre-defined weighted trend formula for chart analysis, ZARSGD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for ZARSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.09343640 0.09376306 0.09299438 0.09325182 -0.00018500
Prev. Close Volume Bid Ask Time
0.09343640 0.09320190 0.09330173 2020-01-17 14:26:33
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