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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Cyprus Pound/South African Rand (FOREX:CYPZAR)
Countertrend Down (-85) - CYPZAR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid CYPZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CYPZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CYPZAR
The long-term trend has been DOWN since Apr 8th, 2024 at 34.389774
The intermediate-term trend has been DOWN since May 1st, 2024 at 34.046762
The short-term trend has been UP since May 7th, 2024 at 34.114710
Smart Scan Analysis for CYPZAR
Based on our trend formula, CYPZAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 34.110217 | 34.157466 | 33.968529 | 33.989279 | -0.120938 |
| Prev. Close | Volume | Bid | Ask | Time |
| 34.110217 | 2024-05-09 04:17:19 |