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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/Lebanese Pound (FOREX:ZARLBP)
Crossroads (+60) - ZARLBP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ZARLBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARLBP.
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 ZARLBP
The long-term trend has been UP since Feb 16th, 2024 at 827.8200
The intermediate-term trend has been DOWN since May 8th, 2024 at 4651.2523
The short-term trend has been DOWN since May 8th, 2024 at 4826.4488
Smart Scan Analysis for ZARLBP
Based on our trend formula, ZARLBP is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4838.0751 | 4838.0751 | 4838.0751 | 4838.0751 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4838.0751 | 2024-05-09 07:26:27 |