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Forex Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

South African Rand/Algerian Dinar (FOREX:ZARDZD)

Strong Downtrend (-100) - ZARDZD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZARDZD continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid ZARDZD?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARDZD.

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FOREX_ZARDZD
Open High Low ZARDZD Price Change
7.046256 7.060738 7.011481 7.018796 -0.027460
Entry Signal

MarketClub’s Trade Triangles for ZARDZD

long term down The long-term trend has been DOWN since Oct 5th, 2023 at 7.060141

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 7.075424

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 7.189391

Smart Scan Analysis for ZARDZD

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

-100
Smart Scan Analysis for ZARDZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.046256 7.060738 7.011481 7.018796 -0.027460
Prev. Close Volume Bid Ask Time
7.046256 2024-04-22 17:21:01
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