Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
South African Rand/Egyptian Pound (FOREX:ZAREGP)
Bull Market Weakness (+75) - ZAREGP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZAREGP as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for ZAREGP
The long-term trend has been UP since Jul 20th, 2023 at 1.7754145
The intermediate-term trend has been DOWN since Nov 23rd, 2023 at 1.6281403
The short-term trend has been UP since Nov 27th, 2023 at 1.6519828
Smart Scan Analysis for ZAREGP
Based on our trend formula, ZAREGP is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).