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Forex Trend Analysis Report

Prepared for you on Thursday, September 28, 2023.

South African Rand/Indonesian Rupiah (FOREX:ZARIDR)

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

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

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

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

FOREX_ZARIDR
Open High Low ZARIDR Price Change
811.0906 817.3208 807.9581 814.7779 +3.6873
Entry Signal

MarketClub’s Trade Triangles for ZARIDR

long term up The long-term trend has been UP since Jul 28th, 2023 at 867.1327

intermediate term down The intermediate-term trend has been DOWN since Sep 4th, 2023 at 795.1939

short term down The short-term trend has been DOWN since Sep 27th, 2023 at 811.2583

Smart Scan Analysis for ZARIDR

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

-50
Smart Scan Analysis for ZARIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
811.0906 817.3208 807.9581 814.7779 +3.6873
Prev. Close Volume Bid Ask Time
811.0906 2023-09-28 14:52:54
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