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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
South African Rand/Rwandan Franc (FOREX:ZARRWF)
Crossroads (-60) - ZARRWF is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 UP since Jun 18th, 2023 at 62.600317
The intermediate-term trend has been DOWN since Nov 14th, 2024 at 76.810190
The short-term trend has been DOWN since Nov 14th, 2024 at 77.227570
Smart Scan Analysis for ZARRWF
Based on our trend formula, ZARRWF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 75.92367 | 76.19639 | 75.92367 | 76.19639 | +0.27272 |
| Prev. Close | Volume | Bid | Ask | Time |
| 75.92367 | 2024-11-18 13:11:45 |