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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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 Dec 1st, 2021 at 6.4029072
The intermediate-term trend has been DOWN since Nov 12th, 2024 at 55.1411440
The short-term trend has been UP since Nov 18th, 2024 at 55.6157960
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 |
|---|---|---|---|---|
| 55.488133 | 55.553943 | 55.246269 | 55.324400 | -0.163733 |
| Prev. Close | Volume | Bid | Ask | Time |
| 55.488133 | 2024-11-20 03:45:06 |