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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
South African Rand/United Arab Emirates Dirham (FOREX:ZARAED)
Long-Term Downtrend (-90) - ZARAED is in a strong downtrend that is likely to continue. While ZARAED is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ZARAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARAED.
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 ZARAED
The long-term trend has been DOWN since Apr 18th, 2024 at 0.18943003
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 0.19221359
The short-term trend has been DOWN since Apr 10th, 2024 at 0.19588873
Smart Scan Analysis for ZARAED
Based on our trend formula, ZARAED is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.19231123 | 0.19252050 | 0.19066244 | 0.19120051 | -0.00111100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.19231123 | 2024-04-24 13:40:59 |