Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

South African Rand/US Dollar (FOREX:ZARUSD)

Countertrend Up (+85) - ZARUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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

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

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

Open	High	Low	ZARUSD Price	Change
0.05456858	0.05487978	0.05455467	0.05469387	+0.00012500
Entry Signal

MarketClub’s Trade Triangles for ZARUSD

The long-term trend has been UP since May 3rd, 2024 at 0.05430533

The intermediate-term trend has been UP since Jun 18th, 2024 at 0.05495832

The short-term trend has been UP since Jul 26th, 2024 at 0.05485000

Smart Scan Analysis for ZARUSD

Based on our trend formula, ZARUSD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.05456858	0.05487978	0.05455467	0.05469387	+0.00012500
Prev. Close	Volume	Bid	Ask	Time
0.05456858				2024-07-26 16:59:56

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