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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
/South African Rand (FOREX:GHSZAR)
Strong Downtrend (-100) - GHSZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GHSZAR continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GHSZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GHSZAR.
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 GHSZAR
The long-term trend has been DOWN since Nov 6th, 2023 at 1.5722218
The intermediate-term trend has been DOWN since Apr 29th, 2024 at 1.3808280
The short-term trend has been DOWN since Apr 26th, 2024 at 1.4237178
Smart Scan Analysis for GHSZAR
Based on our trend formula, GHSZAR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.3268728 | 1.3268728 | 1.3268728 | 1.3268728 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.3268728 | 2024-05-09 07:26:27 |