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Forex Trend Analysis Report

Prepared for you on Wednesday, October 20, 2021.

South African Rand/Singapore Dollar (FOREX:ZARSGD)

Bull Market Weakness (+75) - ZARSGD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARSGD as it may be in the beginning stages of a reversal.

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
0.09257600 0.09293245 0.09223869 0.09279800 +0.00022200
Entry Signal

MarketClub’s Trade Triangles for ZARSGD

long term down The long-term trend has been DOWN since Jul 26th, 2021 at 0.09076833

intermediate term up The intermediate-term trend has been UP since Oct 19th, 2021 at 0.09237450

short term up The short-term trend has been UP since Oct 12th, 2021 at 0.09086362

Smart Scan Analysis for ZARSGD

Based on our trend formula, ZARSGD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for ZARSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.09257600 0.09293245 0.09223869 0.09279800 +0.00022200
Prev. Close Volume Bid Ask Time
0.09257600 2021-10-20 05:09:26
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