Forex Trend Analysis Report

Prepared for you on Friday, April 26, 2024.

South African Rand/Hong Kong Dollar (FOREX:ZARHKD)

Sidelines Mode (+55) - ZARHKD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

Open	High	Low	ZARHKD Price	Change
0.41136583	0.41186359	0.41112184	0.41154000	+0.00017400
Entry Signal

MarketClub’s Trade Triangles for ZARHKD

The long-term trend has been UP since Dec 21st, 2023 at 0.43503496

The intermediate-term trend has been DOWN since Apr 18th, 2024 at 0.40949270

The short-term trend has been UP since Apr 25th, 2024 at 0.41087800

Smart Scan Analysis for ZARHKD

Based on our trend formula, ZARHKD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.41136583	0.41186359	0.41112184	0.41154000	+0.00017400
Prev. Close	Volume	Bid	Ask	Time
0.41136583				2024-04-26 01:51:45

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