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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
South African Rand/ (FOREX:ZARZMW)
Bull Market Weakness (+75) - ZARZMW is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARZMW as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZARZMW?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARZMW.
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 ZARZMW
The long-term trend has been UP since Sep 5th, 2024 at 1.4882066
The intermediate-term trend has been UP since Nov 1st, 2024 at 1.5255883
The short-term trend has been UP since Nov 18th, 2024 at 1.5230759
Smart Scan Analysis for ZARZMW
Based on our trend formula, ZARZMW is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.5257130 | 1.5283639 | 1.5221929 | 1.5239742 | -0.0017390 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.5257130 | 2024-11-20 03:28:58 |