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Forex Trend Analysis Report
Prepared for you on Saturday, April 20, 2024.
South African Rand/Saudi Arabian Riyal (FOREX:ZARSAR)
Strong Downtrend (-100) - ZARSAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZARSAR continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for ZARSAR
The long-term trend has been DOWN since Oct 3rd, 2023 at 0.19427831
The intermediate-term trend has been DOWN since Apr 18th, 2024 at 0.19639237
The short-term trend has been DOWN since Apr 10th, 2024 at 0.20051477
Smart Scan Analysis for ZARSAR
Based on our trend formula, ZARSAR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.19611434 | 0.19611434 | 0.19611434 | 0.19611434 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.19611434 | 2024-04-20 05:38:11 |