Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Japanese Yen/South African Rand (FOREX:JPYZAR)
Long-Term Downtrend (-90) - JPYZAR is in a strong downtrend that is likely to continue. While JPYZAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid JPYZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for JPYZAR
The long-term trend has been DOWN since Mar 19th, 2024 at 0.12510031
The intermediate-term trend has been DOWN since Mar 19th, 2024 at 0.12539885
The short-term trend has been DOWN since May 7th, 2024 at 0.11953017
Smart Scan Analysis for JPYZAR
Based on our trend formula, JPYZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.11939845 | 0.11952188 | 0.11849350 | 0.11878045 | -0.00061800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.11939845 | 2024-05-09 11:41:26 |