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Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

South African Rand/Japanese Yen (FOREX:ZARJPY)

Strong Downtrend (-100) - ZARJPY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZARJPY continues to fall. Traders should use caution and set stops.

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
7.67185 7.68895 7.61785 7.61890 -0.05295
Entry Signal

MarketClub’s Trade Triangles for ZARJPY

long term down The long-term trend has been DOWN since Dec 3rd, 2023 at 7.590600

intermediate term down The intermediate-term trend has been DOWN since Nov 24th, 2023 at 7.892321

short term down The short-term trend has been DOWN since Nov 29th, 2023 at 7.898350

Smart Scan Analysis for ZARJPY

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

-100
Smart Scan Analysis for ZARJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.67185 7.68895 7.61785 7.61890 -0.05295
Prev. Close Volume Bid Ask Time
7.67185 2023-12-08 11:27:34
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