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Forex Trend Analysis Report

Prepared for you on Thursday, May 30, 2024.

/South African Rand (FOREX:GHSZAR)

Long-Term Downtrend (-90) - GHSZAR is in a strong downtrend that is likely to continue. While GHSZAR 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 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
1.2490314 1.2490314 1.2490314 1.2490314 0.0000000
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 down The intermediate-term trend has been DOWN since Apr 29th, 2024 at 1.3808280

short term down The short-term trend has been DOWN since May 27th, 2024 at 1.2625483

Smart Scan Analysis for GHSZAR

Based on our trend formula, GHSZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for GHSZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2490314 1.2490314 1.2490314 1.2490314 0.0000000
Prev. Close Volume Bid Ask Time
1.2490314 2024-05-29 07:26:12
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