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Forex Trend Analysis Report

Prepared for you on Sunday, October 24, 2021.

South African Rand/Malaysian Ringt (FOREX:ZARMYR)

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

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
0.28383794 0.28482350 0.28044046 0.28044046 -0.00339700
Entry Signal

MarketClub’s Trade Triangles for ZARMYR

long term down The long-term trend has been DOWN since Aug 18th, 2021 at 0.28271169

intermediate term up The intermediate-term trend has been UP since Oct 17th, 2021 at 0.28427037

short term down The short-term trend has been DOWN since Oct 22nd, 2021 at 0.28337750

Smart Scan Analysis for ZARMYR

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

-75
Smart Scan Analysis for ZARMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.28383794 0.28482350 0.28044046 0.28044046 -0.00339700
Prev. Close Volume Bid Ask Time
0.28383794 2021-10-22 12:49:58
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