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Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

South African Rand/Moroccan Dirham (FOREX:ZARMAD)

Weak Downtrend (-65) - ZARMAD is showing signs of a strengthening downtrend. Monitor ZARMAD as it may be building momentum to the downside.

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

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

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

FOREX_ZARMAD
Open High Low ZARMAD Price Change
0.58275781 0.58275781 0.58275781 0.58275781 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ZARMAD

long term up The long-term trend has been UP since Nov 10th, 2020 at 0.57476963

intermediate term down The intermediate-term trend has been DOWN since Mar 7th, 2021 at 0.59892697

short term down The short-term trend has been DOWN since Mar 3rd, 2021 at 0.60711051

Smart Scan Analysis for ZARMAD

Based on our trend formula, ZARMAD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for ZARMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.58275781 0.58275781 0.58275781 0.58275781 0.00000000
Prev. Close Volume Bid Ask Time
0.58275781 2021-03-08 07:19:09
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