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Forex Trend Analysis Report

Prepared for you on Monday, September 25, 2023.

South African Rand/ (FOREX:ZARGHS)

Sidelines Mode (+50) - ZARGHS is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until ZARGHS can gain momentum.

Is it time to buy, sell, or avoid ZARGHS?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARGHS.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARGHS
Open High Low ZARGHS Price Change
0.60512795 0.60512795 0.60358931 0.60358931 -0.00153900
Entry Signal

MarketClub’s Trade Triangles for ZARGHS

long term down The long-term trend has been DOWN since Dec 19th, 2022 at 0.56788953

intermediate term up The intermediate-term trend has been UP since Aug 29th, 2023 at 0.61086840

short term up The short-term trend has been UP since Sep 11th, 2023 at 0.60293070

Smart Scan Analysis for ZARGHS

Based on our trend formula, ZARGHS is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for ZARGHS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.60512795 0.60512795 0.60358931 0.60358931 -0.00153900
Prev. Close Volume Bid Ask Time
0.61423202 2023-09-16 10:26:26
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