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Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
South African Rand/Ugandan Shilling (FOREX:ZARUGX)
Strong Downtrend (-100) - ZARUGX is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZARUGX continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ZARUGX?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARUGX.
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 ZARUGX
The long-term trend has been DOWN since Apr 21st, 2024 at 199.66458
The intermediate-term trend has been DOWN since Apr 8th, 2024 at 204.81665
The short-term trend has been DOWN since Apr 8th, 2024 at 205.00056
Smart Scan Analysis for ZARUGX
Based on our trend formula, ZARUGX is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 198.97984 | 198.97984 | 198.97984 | 198.97984 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 198.78843 | 2024-04-21 15:40:05 |