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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
South African Rand/Singapore Dollar (FOREX:ZARSGD)
Sidelines Mode (-55) - ZARSGD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for ZARSGD
The long-term trend has been UP since Apr 9th, 2024 at 0.07294151
The intermediate-term trend has been DOWN since Nov 12th, 2024 at 0.07402108
The short-term trend has been UP since Nov 18th, 2024 at 0.07440868
Smart Scan Analysis for ZARSGD
Based on our trend formula, ZARSGD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.07413720 | 0.07427382 | 0.07392333 | 0.07401782 | -0.00011900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.07413720 | 2024-11-20 03:43:04 |