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Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

South African Rand/Japanese Yen (FOREX:ZARJPY)

Long-Term Uptrend (+90) - ZARJPY is in a strong uptrend that is likely to continue. While ZARJPY 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 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.

FOREX_ZARJPY
Open High Low ZARJPY Price Change
7.819200 7.819200 7.816708 7.819200 0.000000
Entry Signal

MarketClub’s Trade Triangles for ZARJPY

long term up The long-term trend has been UP since Oct 15th, 2021 at 7.82320

intermediate term up The intermediate-term trend has been UP since Oct 11th, 2021 at 7.54775

short term up The short-term trend has been UP since Oct 8th, 2021 at 7.48620

Smart Scan Analysis for ZARJPY

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

+90
Smart Scan Analysis for ZARJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.819200 7.819200 7.816708 7.819200 0.000000
Prev. Close Volume Bid Ask Time
7.819200 2021-10-17 11:55:40
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