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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
South African Rand/Japanese Yen (FOREX:ZARJPY)
Sidelines Mode (-55) - ZARJPY 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 ZARJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARJPY.
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 ZARJPY
The long-term trend has been UP since Nov 5th, 2024 at 8.72705
The intermediate-term trend has been DOWN since Nov 15th, 2024 at 8.46510
The short-term trend has been UP since Nov 20th, 2024 at 8.62515
Smart Scan Analysis for ZARJPY
Based on our trend formula, ZARJPY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.58640 | 8.62640 | 8.57855 | 8.59275 | +0.00635 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.58640 | 2024-11-20 03:48:59 |