Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/Algerian Dinar (FOREX:ZARDZD)
Countertrend Up (+85) - ZARDZD 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 ZARDZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARDZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for ZARDZD
The long-term trend has been UP since May 5th, 2024 at 7.282851
The intermediate-term trend has been UP since May 5th, 2024 at 7.274779
The short-term trend has been DOWN since May 8th, 2024 at 7.250648
Smart Scan Analysis for ZARDZD
Based on our trend formula, ZARDZD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.248125 | 7.278313 | 7.230123 | 7.278313 | +0.030188 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.248125 | 2024-05-09 08:04:09 |