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Forex Trend Analysis Report
Prepared for you on Wednesday, December 4, 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 DOWN since Sep 6th, 2024 at 0.67178050
The intermediate-term trend has been UP since Nov 27th, 2024 at 0.66966424
The short-term trend has been UP since Nov 25th, 2024 at 0.65789778
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 |
|---|---|---|---|---|
| 0.66958294 | 0.66958294 | 0.66934835 | 0.66940931 | -0.00017400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.66958294 | 2024-12-04 00:06:28 |