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Forex Trend Analysis Report

Prepared for you on Thursday, March 30, 2023.

/South African Rand (FOREX:ZMWZAR)

Long-Term Downtrend (-90) - ZMWZAR is in a strong downtrend that is likely to continue. While ZMWZAR 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 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
0.8529074 0.8530555 0.8214187 0.8318883 -0.0210190
Entry Signal

MarketClub’s Trade Triangles for ZMWZAR

long term down The long-term trend has been DOWN since Nov 25th, 2022 at 1.0007159

intermediate term down The intermediate-term trend has been DOWN since Mar 6th, 2023 at 0.9050245

short term down The short-term trend has been DOWN since Mar 7th, 2023 at 0.9037443

Smart Scan Analysis for ZMWZAR

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

-90
Smart Scan Analysis for ZMWZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8529074 0.8530555 0.8214187 0.8318883 -0.0210190
Prev. Close Volume Bid Ask Time
0.8529074 2023-03-30 22:08:06
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