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Forex Trend Analysis Report

Prepared for you on Sunday, December 3, 2023.

/South African Rand (FOREX:ZMWZAR)

Strong Downtrend (-100) - ZMWZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZMWZAR continues to fall. 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
0.7843497 0.7843497 0.7843497 0.7843497 0.0000000
Entry Signal

MarketClub’s Trade Triangles for ZMWZAR

long term down The long-term trend has been DOWN since Sep 25th, 2023 at 0.8901194

intermediate term down The intermediate-term trend has been DOWN since Aug 28th, 2023 at 0.9353699

short term down The short-term trend has been DOWN since Nov 27th, 2023 at 0.7972869

Smart Scan Analysis for ZMWZAR

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

-100
Smart Scan Analysis for ZMWZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7843497 0.7843497 0.7843497 0.7843497 0.0000000
Prev. Close Volume Bid Ask Time
0.7843497 2023-12-03 13:04:59
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