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Forex Trend Analysis Report

Prepared for you on Sunday, October 24, 2021.

South African Rand/Moroccan Dirham (FOREX:ZARMAD)

Crossroads (-60) - ZARMAD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
0.60922662 0.60922662 0.60922662 0.60922662 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ZARMAD

long term down The long-term trend has been DOWN since Jul 26th, 2021 at 0.61327543

intermediate term up The intermediate-term trend has been UP since Oct 15th, 2021 at 0.60771173

short term up The short-term trend has been UP since Oct 3rd, 2021 at 0.60553861

Smart Scan Analysis for ZARMAD

Based on our trend formula, ZARMAD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for ZARMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.60922662 0.60922662 0.60922662 0.60922662 0.00000000
Prev. Close Volume Bid Ask Time
0.60922662 2021-10-23 18:50:31
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