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Forex Trend Analysis Report

Prepared for you on Sunday, December 5, 2021.

/South African Rand (FOREX:ZMWZAR)

Countertrend Up (+85) - ZMWZAR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
0.9019557 0.9023265 0.9019557 0.9023265 +0.0003710
Entry Signal

MarketClub’s Trade Triangles for ZMWZAR

long term up The long-term trend has been UP since Jul 23rd, 2021 at 0.6721402

intermediate term up The intermediate-term trend has been UP since Nov 1st, 2021 at 0.8945626

short term down The short-term trend has been DOWN since Nov 30th, 2021 at 0.9041618

Smart Scan Analysis for ZMWZAR

Based on our trend formula, ZMWZAR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for ZMWZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9019557 0.9023265 0.9019557 0.9023265 +0.0003710
Prev. Close Volume Bid Ask Time
0.9019557 2021-12-04 05:18:41
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