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Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
South African Rand/US Dollar (FOREX:ZARUSD)
Sidelines Mode (+55) - ZARUSD 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 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 Feb 20th, 2020 at 0.06596807
The intermediate-term trend has been UP since May 20th, 2020 at 0.05550102
The short-term trend has been DOWN since May 29th, 2020 at 0.05693241
Smart Scan Analysis for ZARUSD
Based on our trend formula, ZARUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.05720566 | 0.05740364 | 0.05662610 | 0.05698656 | -0.00021900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.05720566 | 0.05697032 | 0.05700279 | 2020-05-29 17:18:37 |