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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
South African Rand/Indonesian Rupiah (FOREX:ZARIDR)
Sidelines Mode (-55) - ZARIDR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for ZARIDR
The long-term trend has been UP since Oct 7th, 2024 at 910.2511
The intermediate-term trend has been DOWN since Nov 12th, 2024 at 875.1496
The short-term trend has been UP since Nov 15th, 2024 at 878.5173
Smart Scan Analysis for ZARIDR
Based on our trend formula, ZARIDR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 878.2058 | 880.0053 | 875.3106 | 877.4471 | -0.7587 |
| Prev. Close | Volume | Bid | Ask | Time |
| 878.2058 | 2024-11-20 03:34:55 |