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Forex Trend Analysis Report

Prepared for you on Wednesday, October 4, 2023.

South African Rand/Malaysian Ringt (FOREX:ZARMYR)

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

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

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

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

FOREX_ZARMYR
Open High Low ZARMYR Price Change
0.24451330 0.24451330 0.24403321 0.24428891 -0.00022400
Entry Signal

MarketClub’s Trade Triangles for ZARMYR

long term up The long-term trend has been UP since Jul 20th, 2023 at 0.25547715

intermediate term down The intermediate-term trend has been DOWN since Oct 3rd, 2023 at 0.24492181

short term down The short-term trend has been DOWN since Oct 2nd, 2023 at 0.24689917

Smart Scan Analysis for ZARMYR

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

-70
Smart Scan Analysis for ZARMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.24451330 0.24451330 0.24403321 0.24428891 -0.00022400
Prev. Close Volume Bid Ask Time
0.24451330 2023-10-04 03:23:27
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