Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/Bulgarian Lev (FOREX:ZARBGN)
Bull Market Weakness (+75) - ZARBGN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARBGN as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZARBGN?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARBGN.
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 ZARBGN
The long-term trend has been UP since Apr 8th, 2024 at 0.09716429
The intermediate-term trend has been UP since May 2nd, 2024 at 0.09799997
The short-term trend has been DOWN since May 8th, 2024 at 0.09805794
Smart Scan Analysis for ZARBGN
Based on our trend formula, ZARBGN is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.09815971 | 0.09829226 | 0.09751914 | 0.09794668 | -0.00021300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.09815971 | 2024-05-08 16:06:20 |