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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

South African Rand/Saudi Arabian Riyal (FOREX:ZARSAR)

Weak Uptrend (+65) - ZARSAR is showing signs of weakening momentum to the upside. Monitor ZARSAR as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid ZARSAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARSAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARSAR
Open High Low ZARSAR Price Change
0.20373233 0.20461550 0.20247180 0.20254838 -0.00118400
Entry Signal

MarketClub’s Trade Triangles for ZARSAR

long term up The long-term trend has been UP since May 3rd, 2024 at 0.20345372

intermediate term down The intermediate-term trend has been DOWN since May 30th, 2024 at 0.20095171

short term up The short-term trend has been UP since Jun 11th, 2024 at 0.20056557

Smart Scan Analysis for ZARSAR

Based on our trend formula, ZARSAR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for ZARSAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20373233 0.20461550 0.20247180 0.20254838 -0.00118400
Prev. Close Volume Bid Ask Time
0.20373233 2024-06-13 14:04:11
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