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Forex Trend Analysis Report
Prepared for you on Sunday, May 5, 2024.
South African Rand/US Dollar (FOREX:ZARUSD)
Strong Uptrend (+100) - ZARUSD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, ZARUSD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
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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 UP since Apr 25th, 2024 at 0.05245000
Smart Scan Analysis for ZARUSD
Based on our trend formula, ZARUSD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.05391343 | 0.05438125 | 0.05375999 | 0.05402751 | +0.00011400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.05391343 | 2024-05-03 17:01:33 |