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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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 UP since May 3rd, 2024 at 0.05430533
The intermediate-term trend has been DOWN since Nov 11th, 2024 at 0.05596503
The short-term trend has been UP since Nov 18th, 2024 at 0.05540802
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 |
|---|---|---|---|---|
| 0.05538680 | 0.05547096 | 0.05513941 | 0.05521700 | -0.00017000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.05538680 | 2024-11-20 03:41:44 |