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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

South African Rand/ (FOREX:ZARZMW)

Long-Term Downtrend (-90) - ZARZMW is in a strong downtrend that is likely to continue. While ZARZMW is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.9621279 0.9642859 0.9475179 0.9497627 -0.0123650
Entry Signal

MarketClub’s Trade Triangles for ZARZMW

long term down The long-term trend has been DOWN since May 2nd, 2022 at 1.0567412

intermediate term down The intermediate-term trend has been DOWN since Jun 12th, 2022 at 1.0688536

short term down The short-term trend has been DOWN since Aug 16th, 2022 at 0.9814604

Smart Scan Analysis for ZARZMW

Based on our trend formula, ZARZMW is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ZARZMW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9621279 0.9642859 0.9475179 0.9497627 -0.0123650
Prev. Close Volume Bid Ask Time
0.9621279 2022-08-19 16:44:37
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