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Forex Trend Analysis Report
Prepared for you on Monday, October 7, 2024.
Cyprus Pound/South African Rand (FOREX:CYPZAR)
Long-Term Downtrend (-90) - CYPZAR is in a strong downtrend that is likely to continue. While CYPZAR 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 CYPZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CYPZAR.
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 CYPZAR
The long-term trend has been DOWN since Apr 8th, 2024 at 34.389774
The intermediate-term trend has been DOWN since Aug 19th, 2024 at 33.445891
The short-term trend has been DOWN since Oct 7th, 2024 at 32.572920
Smart Scan Analysis for CYPZAR
Based on our trend formula, CYPZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 32.748394 | 32.776824 | 32.529233 | 32.630480 | -0.117914 |
| Prev. Close | Volume | Bid | Ask | Time |
| 32.748394 | 2024-10-07 10:36:00 |