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Forex Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

South African Rand/ (FOREX:ZARZMW)

Crossroads (+60) - ZARZMW is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

FOREX_ZARZMW
Open High Low ZARZMW Price Change
1.3456449 1.3463998 1.3388748 1.3403615 -0.0052830
Entry Signal

MarketClub’s Trade Triangles for ZARZMW

long term down The long-term trend has been DOWN since Feb 23rd, 2024 at 1.1851177

intermediate term up The intermediate-term trend has been UP since Mar 12th, 2024 at 1.3126607

short term up The short-term trend has been UP since Apr 18th, 2024 at 1.3313672

Smart Scan Analysis for ZARZMW

Based on our trend formula, ZARZMW is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for ZARZMW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3456449 1.3463998 1.3388748 1.3403615 -0.0052830
Prev. Close Volume Bid Ask Time
1.3456449 2024-04-23 07:20:58
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