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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/Argentine Peso (FOREX:ZARARS)
Countertrend Up (+85) - ZARARS is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid ZARARS?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARARS.
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 ZARARS
The long-term trend has been UP since Jan 21st, 2022 at 6.919332
The intermediate-term trend has been UP since Mar 5th, 2024 at 44.623800
The short-term trend has been DOWN since May 8th, 2024 at 47.304691
Smart Scan Analysis for ZARARS
Based on our trend formula, ZARARS is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 47.471443 | 47.484192 | 47.453857 | 47.478077 | +0.006634 |
| Prev. Close | Volume | Bid | Ask | Time |
| 47.471443 | 2024-05-09 01:18:05 |