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Forex Trend Analysis Report

Prepared for you on Monday, June 24, 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
50.278151 50.310489 49.657040 50.209561 -0.068590
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 Jun 17th, 2024 at 49.296558

short term down The short-term trend has been DOWN since Jun 24th, 2024 at 49.836283

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
50.278151 50.310489 49.657040 50.209561 -0.068590
Prev. Close Volume Bid Ask Time
50.278151 2024-06-24 18:45:13
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