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Forex Trend Analysis Report

Prepared for you on Sunday, July 21, 2024.

/US Dollar (FOREX:ZMWUSD)

Long-Term Downtrend (-90) - ZMWUSD is in a strong downtrend that is likely to continue. While ZMWUSD 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 ZMWUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZMWUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZMWUSD
Open High Low ZMWUSD Price Change
0.03770451 0.03770451 0.03770451 0.03770451 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ZMWUSD

long term down The long-term trend has been DOWN since Sep 4th, 2023 at 0.04970937

intermediate term down The intermediate-term trend has been DOWN since Jul 17th, 2024 at 0.03863868

short term down The short-term trend has been DOWN since Jul 7th, 2024 at 0.04104953

Smart Scan Analysis for ZMWUSD

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

-90
Smart Scan Analysis for ZMWUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03770451 0.03770451 0.03770451 0.03770451 0.00000000
Prev. Close Volume Bid Ask Time
0.03920357 2024-07-18 21:03:21
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