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Forex Trend Analysis Report

Prepared for you on Wednesday, March 29, 2023.

Pakistani Rupee/South African Rand (FOREX:PKRZAR)

Long-Term Downtrend (-90) - PKRZAR is in a strong downtrend that is likely to continue. While PKRZAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid PKRZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for PKRZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_PKRZAR
Open High Low PKRZAR Price Change
0.06422981 0.06474452 0.06377526 0.06394464 -0.00028500
Entry Signal

MarketClub’s Trade Triangles for PKRZAR

long term down The long-term trend has been DOWN since Sep 20th, 2022 at 0.06875977

intermediate term down The intermediate-term trend has been DOWN since Mar 14th, 2023 at 0.06420401

short term down The short-term trend has been DOWN since Mar 29th, 2023 at 0.06397130

Smart Scan Analysis for PKRZAR

Based on our trend formula, PKRZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for PKRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06422981 0.06474452 0.06377526 0.06394464 -0.00028500
Prev. Close Volume Bid Ask Time
0.06422981 2023-03-29 15:46:45
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