Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
/South African Rand (FOREX:ZMWZAR)
Long-Term Downtrend (-90) - ZMWZAR is in a strong downtrend that is likely to continue. While ZMWZAR 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 ZMWZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZMWZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for ZMWZAR
The long-term trend has been DOWN since Dec 15th, 2023 at 0.7429646
The intermediate-term trend has been DOWN since Mar 12th, 2024 at 0.7612892
The short-term trend has been DOWN since Apr 17th, 2024 at 0.7528149
Smart Scan Analysis for ZMWZAR
Based on our trend formula, ZMWZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7433553 | 0.7467887 | 0.7428056 | 0.7454479 | +0.0020930 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7433553 | 2024-04-23 06:47:40 |