Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

South African Rand/Singapore Dollar (FOREX:ZARSGD)

Countertrend Up (+85) - ZARSGD 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 ZARSGD?

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

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

Open	High	Low	ZARSGD Price	Change
0.07295776	0.07327030	0.07284794	0.07325990	+0.00030200
Entry Signal

MarketClub’s Trade Triangles for ZARSGD

The long-term trend has been UP since Apr 9th, 2024 at 0.07294151

The intermediate-term trend has been UP since Apr 29th, 2024 at 0.07299330

The short-term trend has been DOWN since May 8th, 2024 at 0.07271584

Smart Scan Analysis for ZARSGD

Based on our trend formula, ZARSGD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.07295776	0.07327030	0.07284794	0.07325990	+0.00030200
Prev. Close	Volume	Bid	Ask	Time
0.07295776				2024-05-09 06:33:42

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