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Forex Trend Analysis Report

Prepared for you on Saturday, June 22, 2024.

/South African Rand (FOREX:ZMWZAR)

Countertrend Down (-85) - ZMWZAR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

FOREX_ZMWZAR
Open High Low ZMWZAR Price Change
0.7031722 0.7066836 0.7002322 0.7053095 +0.0021370
Entry Signal

MarketClub’s Trade Triangles for ZMWZAR

long term down The long-term trend has been DOWN since Dec 15th, 2023 at 0.7429646

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2024 at 0.7612892

short term up The short-term trend has been UP since Jun 20th, 2024 at 0.7100182

Smart Scan Analysis for ZMWZAR

Based on our trend formula, ZMWZAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for ZMWZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7031722 0.7066836 0.7002322 0.7053095 +0.0021370
Prev. Close Volume Bid Ask Time
0.7031722 2024-06-21 17:21:19
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