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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

South African Rand/Hong Kong Dollar (FOREX:ZARHKD)

Weak Uptrend (+65) - ZARHKD is showing signs of weakening momentum to the upside. Monitor ZARHKD as it may be in the beginning stages of a reversal.

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

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

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

FOREX_ZARHKD
Open High Low ZARHKD Price Change
0.41112525 0.41200238 0.40958472 0.41114985 +0.00002500
Entry Signal

MarketClub’s Trade Triangles for ZARHKD

long term up The long-term trend has been UP since Dec 21st, 2023 at 0.43503496

intermediate term up The intermediate-term trend has been UP since Mar 7th, 2024 at 0.41875602

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 0.41757904

Smart Scan Analysis for ZARHKD

Based on our trend formula, ZARHKD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for ZARHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.41112525 0.41200238 0.40958472 0.41114985 +0.00002500
Prev. Close Volume Bid Ask Time
0.41112525 2024-04-16 06:22:53
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