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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
South African Rand/Moroccan Dirham (FOREX:ZARMAD)
Long-Term Downtrend (-90) - ZARMAD is in a strong downtrend that is likely to continue. While ZARMAD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Jan 21st, 2024 at 0.52393586
The intermediate-term trend has been DOWN since Apr 18th, 2024 at 0.53213870
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 -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.5271255 | 0.5271255 | 0.5271255 | 0.5271255 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.5332135 | 2024-04-24 21:01:01 |