Forex Trend Analysis Report
Prepared for you on Wednesday, May 1, 2024.
South African Rand/Rwandan Franc (FOREX:ZARRWF)
Weak Uptrend (+65) - ZARRWF is showing signs of weakening momentum to the upside. Monitor ZARRWF as it may be in the beginning stages 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 UP since Jun 18th, 2023 at 62.600317
The intermediate-term trend has been DOWN since Apr 22nd, 2024 at 67.609010
The short-term trend has been UP since Apr 26th, 2024 at 67.715020
Smart Scan Analysis for ZARRWF
Based on our trend formula, ZARRWF is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
69.1165 | 69.1165 | 69.1165 | 69.1165 | 0.0000 |
Prev. Close | Volume | Bid | Ask | Time |
69.1165 | 2024-05-01 07:23:56 |