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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

South African Rand/Argentine Peso (FOREX:ZARARS)

Countertrend Up (+85) - ZARARS is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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
45.359107 45.378770 44.899372 45.215780 -0.143327
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 Mar 5th, 2024 at 44.623800

short term down The short-term trend has been DOWN since Mar 28th, 2024 at 44.996487

Smart Scan Analysis for ZARARS

Based on our trend formula, ZARARS is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for ZARARS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
45.359107 45.378770 44.899372 45.215780 -0.143327
Prev. Close Volume Bid Ask Time
45.359107 2024-03-28 09:59:54
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