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Forex Trend Analysis Report

Prepared for you on Wednesday, April 17, 2024.

South African Rand/Moroccan Dirham (FOREX:ZARMAD)

Bear Market Rally (-75) - ZARMAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARMAD as it may be in the beginning 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.

FOREX_ZARMAD
Open High Low ZARMAD Price Change
0.53305502 0.53305502 0.53305502 0.53305502 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ZARMAD

long term down The long-term trend has been DOWN since Jan 21st, 2024 at 0.52393586

intermediate term up The intermediate-term trend has been UP since Mar 12th, 2024 at 0.53229346

short term down The short-term trend has been DOWN since Apr 12th, 2024 at 0.53625808

Smart Scan Analysis for ZARMAD

Based on our trend formula, ZARMAD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for ZARMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.53305502 0.53305502 0.53305502 0.53305502 0.00000000
Prev. Close Volume Bid Ask Time
0.53185729 2024-04-14 22:04:00
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