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Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

South African Rand/Lebanese Pound (FOREX:ZARLBP)

Sidelines Mode (-50) - ZARLBP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until ZARLBP can gain momentum.

Is it time to buy, sell, or avoid ZARLBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARLBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARLBP
Open High Low ZARLBP Price Change
4872.485 4872.485 4872.485 4872.485 0.000
Entry Signal

MarketClub’s Trade Triangles for ZARLBP

long term up The long-term trend has been UP since Feb 16th, 2024 at 827.8200

intermediate term down The intermediate-term trend has been DOWN since May 8th, 2024 at 4651.2523

short term down The short-term trend has been DOWN since May 23rd, 2024 at 4877.3163

Smart Scan Analysis for ZARLBP

Based on our trend formula, ZARLBP is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-50
Smart Scan Analysis for ZARLBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4872.485 4872.485 4872.485 4872.485 0.000
Prev. Close Volume Bid Ask Time
4872.485 2024-05-23 07:26:10
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