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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
/South African Rand (FOREX:ZMWZAR)
Weak Downtrend (-65) - ZMWZAR is showing signs of a strengthening downtrend. Monitor ZMWZAR as it may be building momentum to the downside.
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 DOWN since Sep 6th, 2024 at 0.67178050
The intermediate-term trend has been DOWN since Oct 29th, 2024 at 0.65194993
The short-term trend has been DOWN since Nov 18th, 2024 at 0.65746315
Smart Scan Analysis for ZMWZAR
Based on our trend formula, ZMWZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.65592631 | 0.65886713 | 0.65485462 | 0.65762287 | +0.00169700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.65592631 | 2024-11-20 03:39:00 |