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Forex Trend Analysis Report

Prepared for you on Sunday, August 14, 2022.

South African Rand/Indonesian Rupiah (FOREX:ZARIDR)

Crossroads (+60) - ZARIDR is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_ZARIDR
Open High Low ZARIDR Price Change
903.2218 907.6049 899.9232 905.1091 +1.8873
Entry Signal

MarketClub’s Trade Triangles for ZARIDR

long term down The long-term trend has been DOWN since May 2nd, 2022 at 900.6745

intermediate term up The intermediate-term trend has been UP since Aug 2nd, 2022 at 905.1205

short term up The short-term trend has been UP since Aug 10th, 2022 at 897.0797

Smart Scan Analysis for ZARIDR

Based on our trend formula, ZARIDR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for ZARIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
903.2218 907.6049 899.9232 905.1091 +1.8873
Prev. Close Volume Bid Ask Time
903.2218 2022-08-12 17:01:02
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