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Forex Trend Analysis Report

Prepared for you on Sunday, July 3, 2022.

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.

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FOREX_ZARSGD
Open High Low ZARSGD Price Change
0.08563555 0.08563820 0.08527210 0.08531748 -0.00031800
Entry Signal

MarketClub’s Trade Triangles for ZARSGD

long term down The long-term trend has been DOWN since May 2nd, 2022 at 0.08618930

intermediate term down The intermediate-term trend has been DOWN since Jun 13th, 2022 at 0.08666022

short term down The short-term trend has been DOWN since Jun 28th, 2022 at 0.08695349

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
0.08563555 0.08563820 0.08527210 0.08531748 -0.00031800
Prev. Close Volume Bid Ask Time
0.08563555 2022-07-03 15:56:33
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