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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.

FOREX_ZARRWF
Open High Low ZARRWF Price Change
69.1165 69.1165 69.1165 69.1165 0.0000
Entry Signal

MarketClub’s Trade Triangles for ZARRWF

long term up The long-term trend has been UP since Jun 18th, 2023 at 62.600317

intermediate term down The intermediate-term trend has been DOWN since Apr 22nd, 2024 at 67.609010

short term up 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).

+65
Smart Scan Analysis for ZARRWF
Strong Downtrend Sideways 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
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