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Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

South African Rand/Viet Nam Dong (FOREX:ZARVND)

Weak Downtrend (-65) - ZARVND is showing signs of a strengthening downtrend. Monitor ZARVND as it may be building momentum to the downside.

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

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

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

FOREX_ZARVND
Open High Low ZARVND Price Change
1369.8243 1373.1711 1367.5756 1370.5807 +0.7564
Entry Signal

MarketClub’s Trade Triangles for ZARVND

long term down The long-term trend has been DOWN since May 7th, 2024 at 1272.0598

intermediate term down The intermediate-term trend has been DOWN since May 7th, 2024 at 1316.0584

short term down The short-term trend has been DOWN since May 7th, 2024 at 1368.5363

Smart Scan Analysis for ZARVND

Based on our trend formula, ZARVND is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for ZARVND
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1369.8243 1373.1711 1367.5756 1370.5807 +0.7564
Prev. Close Volume Bid Ask Time
1369.8243 2024-05-09 05:04:15
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