Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

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

Long-Term Downtrend (-90) - ZARAED is in a strong downtrend that is likely to continue. While ZARAED 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 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
0.19804160 0.19899727 0.19730396 0.19798976 -0.00005200
Entry Signal

MarketClub’s Trade Triangles for ZARAED

long term down The long-term trend has been DOWN since Mar 7th, 2023 at 0.19835551

intermediate term down The intermediate-term trend has been DOWN since Jan 30th, 2023 at 0.21140571

short term down The short-term trend has been DOWN since Mar 15th, 2023 at 0.19910032

Smart Scan Analysis for ZARAED

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

-90
Smart Scan Analysis for ZARAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19804160 0.19899727 0.19730396 0.19798976 -0.00005200
Prev. Close Volume Bid Ask Time
0.19804160 2023-03-21 11:18:38
Get a free daily analysis and signals for South African Rand/United Arab Emirates Dirham (ZARAED) - Request Your Free Report.