Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

South African Rand/Egyptian Pound (FOREX:ZAREGP)

Bull Market Weakness (+75) - ZAREGP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZAREGP as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid ZAREGP?

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

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

Open	High	Low	ZAREGP Price	Change
2.5595669	2.5662293	2.5482458	2.5526418	-0.0069250
Entry Signal

MarketClub’s Trade Triangles for ZAREGP

The long-term trend has been UP since Dec 21st, 2023 at 1.7221228

The intermediate-term trend has been UP since Mar 6th, 2024 at 1.6549524

The short-term trend has been DOWN since May 7th, 2024 at 2.5775205

Smart Scan Analysis for ZAREGP

Based on our trend formula, ZAREGP is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
2.5595669	2.5662293	2.5482458	2.5526418	-0.0069250
Prev. Close	Volume	Bid	Ask	Time
2.5595669				2024-05-09 04:11:40

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