Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

South African Rand/Malaysian Ringt (FOREX:ZARMYR)

Sidelines Mode (+55) - ZARMYR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

Open	High	Low	ZARMYR Price	Change
0.25531697	0.25572912	0.25502553	0.25572912	+0.00041200
Entry Signal

MarketClub’s Trade Triangles for ZARMYR

The long-term trend has been DOWN since Apr 17th, 2024 at 0.24584977

The intermediate-term trend has been UP since May 1st, 2024 at 0.25737905

The short-term trend has been DOWN since May 8th, 2024 at 0.25558374

Smart Scan Analysis for ZARMYR

Based on our trend formula, ZARMYR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.25531697	0.25572912	0.25502553	0.25572912	+0.00041200
Prev. Close	Volume	Bid	Ask	Time
0.25531697				2024-05-09 04:33:44

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