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Forex Trend Analysis Report

Prepared for you on Wednesday, June 7, 2023.

South African Rand/Lesotho Loti (FOREX:ZARLSL)

Sidelines Mode (+55) - ZARLSL 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 ZARLSL?

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

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

FOREX_ZARLSL
Open High Low ZARLSL Price Change
1.0001673 1.0043941 0.9973891 1.0035103 +0.0033430
Entry Signal

MarketClub’s Trade Triangles for ZARLSL

long term down The long-term trend has been DOWN since May 10th, 2023 at 0.9853696

intermediate term up The intermediate-term trend has been UP since May 14th, 2023 at 1.0075441

short term down The short-term trend has been DOWN since Jun 6th, 2023 at 0.9969995

Smart Scan Analysis for ZARLSL

Based on our trend formula, ZARLSL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for ZARLSL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0001673 1.0043941 0.9973891 1.0035103 +0.0033430
Prev. Close Volume Bid Ask Time
1.0001673 2023-06-07 04:30:29
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