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Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

South African Rand/Argentine Peso (FOREX:ZARARS)

Long-Term Uptrend (+90) - ZARARS is in a strong uptrend that is likely to continue. While ZARARS is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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

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

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

FOREX_ZARARS
Open High Low ZARARS Price Change
19.358576 19.363864 19.230283 19.246615 -0.111961
Entry Signal

MarketClub’s Trade Triangles for ZARARS

long term up The long-term trend has been UP since Jan 21st, 2022 at 6.919332

intermediate term up The intermediate-term trend has been UP since Oct 17th, 2023 at 18.706647

short term up The short-term trend has been UP since Nov 27th, 2023 at 19.168043

Smart Scan Analysis for ZARARS

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

+90
Smart Scan Analysis for ZARARS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.358576 19.363864 19.230283 19.246615 -0.111961
Prev. Close Volume Bid Ask Time
19.358576 2023-12-04 11:11:04
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