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Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
South African Rand/Egyptian Pound (FOREX:ZAREGP)
Strong Uptrend (+100) - ZAREGP is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, ZAREGP continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid ZAREGP?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZAREGP.
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 ZAREGP
The long-term trend has been UP since Oct 27th, 2022 at 1.1917046
The intermediate-term trend has been UP since Mar 23rd, 2023 at 1.7134330
The short-term trend has been UP since Mar 29th, 2023 at 1.7045486
Smart Scan Analysis for ZAREGP
Based on our trend formula, ZAREGP is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.6978353 | 1.7009105 | 1.6975135 | 1.7007084 | +0.0028730 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.6978353 | 2023-03-30 01:35:03 |