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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/Bahraini Dinar (FOREX:ZARBHD)
Countertrend Up (+85) - ZARBHD 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 ZARBHD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARBHD.
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 ZARBHD
The long-term trend has been UP since May 3rd, 2024 at 0.02042833
The intermediate-term trend has been UP since May 3rd, 2024 at 0.02042833
The short-term trend has been DOWN since May 8th, 2024 at 0.02031108
Smart Scan Analysis for ZARBHD
Based on our trend formula, ZARBHD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.02029348 | 0.02037013 | 0.02028311 | 0.02037013 | +0.00007700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.02029348 | 2024-05-09 07:20:50 |