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Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
South African Rand/Moroccan Dirham (FOREX:ZARMAD)
Bull Market Weakness (+75) - ZARMAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARMAD as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for ZARMAD
The long-term trend has been DOWN since Feb 3rd, 2020 at 0.64762778
The intermediate-term trend has been UP since May 20th, 2020 at 0.53938006
The short-term trend has been UP since May 18th, 2020 at 0.53456955
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.54736725 | 0.55973689 | 0.54736725 | 0.55973689 | +0.01237000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.56196827 | 0.54205891 | 0.57741487 | 2020-05-21 21:08:17 |