Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, December 9, 2023.

South African Rand/Singapore Dollar (FOREX:ZARSGD)

Strong Downtrend (-100) - ZARSGD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZARSGD continues to fall. Traders should use caution and set stops.

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

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

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

FOREX_ZARSGD
Open High Low ZARSGD Price Change
0.07128879 0.07141869 0.07061469 0.07079286 -0.00049600
Entry Signal

MarketClub’s Trade Triangles for ZARSGD

long term down The long-term trend has been DOWN since Oct 5th, 2023 at 0.07017558

intermediate term down The intermediate-term trend has been DOWN since Nov 21st, 2023 at 0.07215862

short term down The short-term trend has been DOWN since Nov 30th, 2023 at 0.07088132

Smart Scan Analysis for ZARSGD

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

-100
Smart Scan Analysis for ZARSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07128879 0.07141869 0.07061469 0.07079286 -0.00049600
Prev. Close Volume Bid Ask Time
0.07079286 2023-12-08 20:32:21
Get a free daily analysis and signals for South African Rand/Singapore Dollar (ZARSGD) - Request Your Free Report.