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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
/South African Rand (FOREX:ZMWZAR)
Crossroads (-60) - ZMWZAR 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 ZMWZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZMWZAR.
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 ZMWZAR
The long-term trend has been UP since Jul 1st, 2024 at 0.7659464
The intermediate-term trend has been DOWN since Jul 12th, 2024 at 0.6951614
The short-term trend has been DOWN since Jul 22nd, 2024 at 0.6860606
Smart Scan Analysis for ZMWZAR
Based on our trend formula, ZMWZAR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7020251 | 0.7022046 | 0.6978431 | 0.6993349 | -0.0026900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7020251 | 2024-07-26 17:00:06 |