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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/Lao Kip (FOREX:ZARLAK)
Countertrend Up (+85) - ZARLAK 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 ZARLAK?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARLAK.
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 ZARLAK
The long-term trend has been UP since Apr 3rd, 2024 at 1126.3143
The intermediate-term trend has been UP since Apr 29th, 2024 at 1143.4140
The short-term trend has been DOWN since May 8th, 2024 at 1149.5666
Smart Scan Analysis for ZARLAK
Based on our trend formula, ZARLAK is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1152.8513 | 1152.8513 | 1152.8513 | 1152.8513 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1152.8513 | 2024-05-09 07:26:28 |