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Forex Trend Analysis Report

Prepared for you on Monday, December 11, 2023.

/South African Rand (FOREX:GHSZAR)

Weak Downtrend (-65) - GHSZAR is showing signs of a strengthening downtrend. Monitor GHSZAR as it may be building momentum to the downside.

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

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

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

FOREX_GHSZAR
Open High Low GHSZAR Price Change
1.5721073 1.5721073 1.5595186 1.5595186 -0.0125890
Entry Signal

MarketClub’s Trade Triangles for GHSZAR

long term down The long-term trend has been DOWN since Nov 6th, 2023 at 1.5722218

intermediate term up The intermediate-term trend has been UP since Nov 27th, 2023 at 1.5698444

short term down The short-term trend has been DOWN since Dec 8th, 2023 at 1.5611136

Smart Scan Analysis for GHSZAR

Based on our trend formula, GHSZAR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for GHSZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5721073 1.5721073 1.5595186 1.5595186 -0.0125890
Prev. Close Volume Bid Ask Time
1.5743814 2023-12-09 14:27:08
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