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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
South African Rand/Rwandan Franc (FOREX:ZARRWF)
Bear Market Rally (-75) - ZARRWF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARRWF as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid ZARRWF?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARRWF.
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 ZARRWF
The long-term trend has been DOWN since Dec 29th, 2024 at 75.03140
The intermediate-term trend has been DOWN since Dec 29th, 2024 at 76.72550
The short-term trend has been UP since Jan 19th, 2025 at 73.99574
Smart Scan Analysis for ZARRWF
Based on our trend formula, ZARRWF is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 74.52797 | 74.52797 | 74.52797 | 74.52797 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 74.94385 | 2025-01-19 11:30:04 |