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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/Indonesian Rupiah (FOREX:ZARIDR)
Countertrend Up (+85) - ZARIDR 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 ZARIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARIDR.
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 ZARIDR
The long-term trend has been UP since Jul 28th, 2023 at 867.1327
The intermediate-term trend has been UP since Apr 26th, 2024 at 863.5015
The short-term trend has been DOWN since May 3rd, 2024 at 862.3469
Smart Scan Analysis for ZARIDR
Based on our trend formula, ZARIDR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 864.9578 | 867.1964 | 863.1167 | 865.5689 | +0.6111 |
| Prev. Close | Volume | Bid | Ask | Time |
| 864.9578 | 2024-05-09 04:56:56 |