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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/Rwandan Franc (FOREX:ZARRWF)
Long-Term Uptrend (+90) - ZARRWF is in a strong uptrend that is likely to continue. While ZARRWF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid ZARRWF?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARRWF.
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 ZARRWF
The long-term trend has been UP since Jun 18th, 2023 at 62.600317
The intermediate-term trend has been UP since May 5th, 2024 at 69.249010
The short-term trend has been UP since Apr 26th, 2024 at 67.715020
Smart Scan Analysis for ZARRWF
Based on our trend formula, ZARRWF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 69.58916 | 69.58916 | 69.58916 | 69.58916 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 69.58916 | 2024-05-08 21:02:50 |