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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

/South African Rand (FOREX:ZMWZAR)

Bear Market Rally (-75) - ZMWZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZMWZAR as it may be in the beginning of a reversal.

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
0.9708152 0.9834679 0.9683654 0.9783842 +0.0075690
Entry Signal

MarketClub’s Trade Triangles for ZMWZAR

long term down The long-term trend has been DOWN since Apr 7th, 2020 at 0.9657233

intermediate term up The intermediate-term trend has been UP since Apr 22nd, 2020 at 1.0411438

short term down The short-term trend has been DOWN since May 18th, 2020 at 0.9984390

Smart Scan Analysis for ZMWZAR

Based on our trend formula, ZMWZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for ZMWZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9708152 0.9834679 0.9683654 0.9783842 +0.0075690
Prev. Close Volume Bid Ask Time
0.9708152 0.9775522 0.9792162 2020-05-25 12:36:33
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