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Forex Trend Analysis Report
Prepared for you on Thursday, January 2, 2025.
South African Rand/Argentine Peso (FOREX:ZARARS)
Sidelines Mode (-55) - ZARARS is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for ZARARS
The long-term trend has been UP since Jan 5th, 2022 at 6.5207751
The intermediate-term trend has been DOWN since Dec 23rd, 2024 at 55.4261260
The short-term trend has been UP since Jan 2nd, 2025 at 55.2069490
Smart Scan Analysis for ZARARS
Based on our trend formula, ZARARS is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 54.794151 | 55.275767 | 54.752007 | 55.055523 | +0.261372 |
| Prev. Close | Volume | Bid | Ask | Time |
| 54.794151 | 2025-01-02 11:25:44 |