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Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
South African Rand/Colombian Peso (FOREX:ZARCOP)
Countertrend Down (-85) - ZARCOP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid ZARCOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARCOP.
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 ZARCOP
The long-term trend has been DOWN since Feb 28th, 2023 at 262.63939
The intermediate-term trend has been DOWN since Feb 28th, 2023 at 263.78702
The short-term trend has been UP since Mar 18th, 2023 at 257.80208
Smart Scan Analysis for ZARCOP
Based on our trend formula, ZARCOP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 260.62602 | 260.62602 | 260.62602 | 260.62602 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 256.75633 | 2023-03-18 03:55:50 |