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Forex Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

South African Rand/Malaysian Ringt (FOREX:ZARMYR)

Long-Term Downtrend (-90) - ZARMYR is in a strong downtrend that is likely to continue. While ZARMYR 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 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
0.24841558 0.24999543 0.24841558 0.24999543 +0.00158000
Entry Signal

MarketClub’s Trade Triangles for ZARMYR

long term down The long-term trend has been DOWN since Apr 17th, 2024 at 0.24584977

intermediate term down The intermediate-term trend has been DOWN since Apr 17th, 2024 at 0.24903472

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 0.25383843

Smart Scan Analysis for ZARMYR

Based on our trend formula, ZARMYR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ZARMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.24841558 0.24999543 0.24841558 0.24999543 +0.00158000
Prev. Close Volume Bid Ask Time
0.24841558 2024-04-19 12:36:30
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