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Forex Trend Analysis Report

Prepared for you on Wednesday, August 10, 2022.

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

Weak Downtrend (-65) - ZARSAR is showing signs of a strengthening downtrend. Monitor ZARSAR as it may be building momentum to the downside.

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
0.22648813 0.22661023 0.22644733 0.22644733 -0.00004100
Entry Signal

MarketClub’s Trade Triangles for ZARSAR

long term down The long-term trend has been DOWN since Apr 28th, 2022 at 0.2338017

intermediate term down The intermediate-term trend has been DOWN since Jun 13th, 2022 at 0.2360023

short term up The short-term trend has been UP since Aug 8th, 2022 at 0.2262717

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
0.22648813 0.22661023 0.22644733 0.22644733 -0.00004100
Prev. Close Volume Bid Ask Time
0.22648813 2022-08-10 02:05:27
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