Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

South African Rand/Cyprus Pound (FOREX:ZARCYP)

Countertrend Up (+85) - ZARCYP 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 ZARCYP?

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

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

Open	High	Low	ZARCYP Price	Change
0.02931673	0.02943902	0.02927731	0.02943670	+0.00012000
Entry Signal

MarketClub’s Trade Triangles for ZARCYP

The long-term trend has been UP since Apr 8th, 2024 at 0.02907841

The intermediate-term trend has been UP since May 1st, 2024 at 0.02937137

The short-term trend has been DOWN since May 7th, 2024 at 0.02931292

Smart Scan Analysis for ZARCYP

Based on our trend formula, ZARCYP 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
0.02931673	0.02943902	0.02927731	0.02943670	+0.00012000
Prev. Close	Volume	Bid	Ask	Time
0.02931673				2024-05-09 04:24:30

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