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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
South African Rand/Bulgarian Lev (FOREX:ZARBGN)
Sidelines Mode (+55) - ZARBGN 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 ZARBGN?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARBGN.
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 ZARBGN
The long-term trend has been UP since Apr 8th, 2024 at 0.09716429
The intermediate-term trend has been DOWN since Nov 12th, 2024 at 0.10157258
The short-term trend has been UP since Nov 18th, 2024 at 0.10236509
Smart Scan Analysis for ZARBGN
Based on our trend formula, ZARBGN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.10288298 | 0.10288298 | 0.10209418 | 0.10226366 | -0.00061900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.10217860 | 2024-11-19 22:33:34 |