Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/US Dollar (FOREX:ZARUSD)
Countertrend Up (+85) - ZARUSD 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 ZARUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for ZARUSD
The long-term trend has been UP since May 3rd, 2024 at 0.05430533
The intermediate-term trend has been UP since May 3rd, 2024 at 0.05430533
The short-term trend has been DOWN since May 8th, 2024 at 0.05385005
Smart Scan Analysis for ZARUSD
Based on our trend formula, ZARUSD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.05383584 | 0.05386251 | 0.05381237 | 0.05383000 | -0.00000600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.05383584 | 2024-05-09 01:43:51 |