Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
South African Rand/US Dollar (FOREX:ZARUSD)
Strong Downtrend (-100) - ZARUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZARUSD continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for ZARUSD
The long-term trend has been DOWN since Apr 18th, 2024 at 0.05157630
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 0.05234147
The short-term trend has been DOWN since Apr 10th, 2024 at 0.05333934
Smart Scan Analysis for ZARUSD
Based on our trend formula, ZARUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
0.05236236 | 0.05241722 | 0.05217423 | 0.05224300 | -0.00011900 |
Prev. Close | Volume | Bid | Ask | Time |
0.05236236 | 2024-04-24 05:16:41 |