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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
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 DOWN since Dec 25th, 2024 at 2.6848904
The intermediate-term trend has been DOWN since Dec 24th, 2024 at 2.7233377
The short-term trend has been UP since Jan 14th, 2025 at 2.6987838
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 |
|---|---|---|---|---|
| 2.6862429 | 2.7101111 | 2.6775352 | 2.7063130 | +0.0200700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.6862429 | 2025-01-20 09:38:56 |