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Forex Trend Analysis Report

Prepared for you on Friday, June 14, 2024.

South African Rand/Indonesian Rupiah (FOREX:ZARIDR)

Long-Term Uptrend (+90) - ZARIDR is in a strong uptrend that is likely to continue. While ZARIDR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
888.9449 899.8392 885.5042 894.6256 +5.6807
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 up The intermediate-term trend has been UP since Jun 13th, 2024 at 887.7611

short term up The short-term trend has been UP since Jun 10th, 2024 at 865.7891

Smart Scan Analysis for ZARIDR

Based on our trend formula, ZARIDR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for ZARIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
888.9449 899.8392 885.5042 894.6256 +5.6807
Prev. Close Volume Bid Ask Time
888.9449 2024-06-14 09:52:16
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