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Forex Trend Analysis Report

Prepared for you on Saturday, July 2, 2022.

South African Rand/Egyptian Pound (FOREX:ZAREGP)

Crossroads (-60) - ZAREGP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

FOREX_ZAREGP
Open High Low ZAREGP Price Change
1.1489630 1.1600436 1.1350743 1.1600436 +0.0110810
Entry Signal

MarketClub’s Trade Triangles for ZAREGP

long term up The long-term trend has been UP since Mar 16th, 2022 at 1.0557969

intermediate term down The intermediate-term trend has been DOWN since Jun 29th, 2022 at 1.1564452

short term down The short-term trend has been DOWN since Jun 28th, 2022 at 1.1762420

Smart Scan Analysis for ZAREGP

Based on our trend formula, ZAREGP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for ZAREGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1489630 1.1600436 1.1350743 1.1600436 +0.0110810
Prev. Close Volume Bid Ask Time
1.1489630 2022-07-01 17:10:56
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