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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

South African Rand/Rwandan Franc (FOREX:ZARRWF)

Sidelines Mode (+50) - ZARRWF is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until ZARRWF can gain momentum.

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
53.258151 54.462197 53.258151 54.462197 +1.204046
Entry Signal

MarketClub’s Trade Triangles for ZARRWF

long term down The long-term trend has been DOWN since Mar 5th, 2020 at 61.977227

intermediate term up The intermediate-term trend has been UP since May 20th, 2020 at 51.842575

short term up The short-term trend has been UP since May 20th, 2020 at 51.469525

Smart Scan Analysis for ZARRWF

Based on our trend formula, ZARRWF is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for ZARRWF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
53.258151 54.462197 53.258151 54.462197 +1.204046
Prev. Close Volume Bid Ask Time
54.071624 53.682279 55.242115 2020-05-21 21:08:21
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