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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/Saudi Arabian Riyal (FOREX:ZARSAR)
Countertrend Up (+85) - ZARSAR 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 ZARSAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARSAR.
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 ZARSAR
The long-term trend has been UP since May 3rd, 2024 at 0.20345372
The intermediate-term trend has been UP since May 3rd, 2024 at 0.20345372
The short-term trend has been DOWN since May 8th, 2024 at 0.20175370
Smart Scan Analysis for ZARSAR
Based on our trend formula, ZARSAR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.20192361 | 0.20196158 | 0.20184993 | 0.20196158 | +0.00003800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.20192361 | 2024-05-09 01:33:35 |