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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
South African Rand/Egyptian Pound (FOREX:ZAREGP)
Sidelines Mode (+55) - ZAREGP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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MarketClub’s Trade Triangles for ZAREGP
The long-term trend has been UP since Dec 21st, 2023 at 1.7221228
The intermediate-term trend has been DOWN since Nov 12th, 2024 at 2.7259885
The short-term trend has been UP since Nov 18th, 2024 at 2.7341690
Smart Scan Analysis for ZAREGP
Based on our trend formula, ZAREGP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.7442925 | 2.7471551 | 2.7326377 | 2.7424463 | -0.0018460 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.7442925 | 2024-11-20 03:39:32 |