Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

South African Rand/Botswana Pula (FOREX:ZARBWP)

Countertrend Up (+85) - ZARBWP 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 ZARBWP?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARBWP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	ZARBWP Price	Change
0.7354978	0.7383911	0.7345087	0.7381169	+0.0026190
Entry Signal

MarketClub’s Trade Triangles for ZARBWP

The long-term trend has been UP since Apr 12th, 2024 at 0.7376446

The intermediate-term trend has been UP since Apr 30th, 2024 at 0.7386574

The short-term trend has been DOWN since May 7th, 2024 at 0.7330023

Smart Scan Analysis for ZARBWP

Based on our trend formula, ZARBWP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.7354978	0.7383911	0.7345087	0.7381169	+0.0026190
Prev. Close	Volume	Bid	Ask	Time
0.7354978				2024-05-09 04:06:24

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