Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, July 17, 2024.

South African Rand/United Arab Emirates Dirham (FOREX:ZARAED)

Bull Market Weakness (+75) - ZARAED is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARAED as it may be in the beginning stages of a reversal.

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

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

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

FOREX_ZARAED
Open High Low ZARAED Price Change
0.20346034 0.20362984 0.20202103 0.20227287 -0.00118700
Entry Signal

MarketClub’s Trade Triangles for ZARAED

long term up The long-term trend has been UP since May 3rd, 2024 at 0.19943588

intermediate term up The intermediate-term trend has been UP since Jun 18th, 2024 at 0.20188642

short term down The short-term trend has been DOWN since Jul 15th, 2024 at 0.20254212

Smart Scan Analysis for ZARAED

Based on our trend formula, ZARAED is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for ZARAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20346034 0.20362984 0.20202103 0.20227287 -0.00118700
Prev. Close Volume Bid Ask Time
0.20346034 2024-07-17 06:32:20
Get a free daily analysis and signals for South African Rand/United Arab Emirates Dirham (ZARAED) - Request Your Free Report.