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Forex Trend Analysis Report

Prepared for you on Wednesday, February 26, 2020.

/South African Rand (FOREX:ZMWZAR)

Sidelines Mode (+55) - ZMWZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_ZMWZAR
Open High Low ZMWZAR Price Change
1.0373005 1.0459614 1.0214169 1.0372785 -0.0000220
Entry Signal

MarketClub’s Trade Triangles for ZMWZAR

long term down The long-term trend has been DOWN since Nov 5th, 2019 at 1.0936823

intermediate term up The intermediate-term trend has been UP since Feb 19th, 2020 at 1.0275701

short term down The short-term trend has been DOWN since Feb 26th, 2020 at 1.0241561

Smart Scan Analysis for ZMWZAR

Based on our trend formula, ZMWZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for ZMWZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0373005 1.0459614 1.0214169 1.0372785 -0.0000220
Prev. Close Volume Bid Ask Time
1.0373005 1.0362617 1.0382953 2020-02-26 22:56:14
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