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Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

South African Rand/Egyptian Pound (FOREX:ZAREGP)

Weak Downtrend (-65) - ZAREGP is showing signs of a strengthening downtrend. Monitor ZAREGP as it may be building momentum to the downside.

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
1.0230602 1.0232833 1.0085703 1.0122021 -0.0108580
Entry Signal

MarketClub’s Trade Triangles for ZAREGP

long term up The long-term trend has been UP since Nov 3rd, 2020 at 0.9799026

intermediate term down The intermediate-term trend has been DOWN since Feb 26th, 2021 at 1.0329317

short term down The short-term trend has been DOWN since Feb 25th, 2021 at 1.0493586

Smart Scan Analysis for ZAREGP

Based on our trend formula, ZAREGP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for ZAREGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0230602 1.0232833 1.0085703 1.0122021 -0.0108580
Prev. Close Volume Bid Ask Time
1.0230602 2021-03-08 20:39:46
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