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Forex Trend Analysis Report

Prepared for you on Saturday, April 13, 2024.

South African Rand/Egyptian Pound (FOREX:ZAREGP)

Countertrend Up (+85) - ZAREGP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
2.5352092 2.5493752 2.5057749 2.5211120 -0.0140970
Entry Signal

MarketClub’s Trade Triangles for ZAREGP

long term up The long-term trend has been UP since Dec 21st, 2023 at 1.7221228

intermediate term up The intermediate-term trend has been UP since Mar 6th, 2024 at 1.6549524

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 2.5280188

Smart Scan Analysis for ZAREGP

Based on our trend formula, ZAREGP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for ZAREGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.5352092 2.5493752 2.5057749 2.5211120 -0.0140970
Prev. Close Volume Bid Ask Time
2.5352092 2024-04-12 17:05:11
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