Forex Trend Analysis Report

Prepared for you on Thursday, April 25, 2024.

South African Rand/United Arab Emirates Dirham (FOREX:ZARAED)

Countertrend Down (-85) - ZARAED is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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

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

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

Open	High	Low	ZARAED Price	Change
0.19097770	0.19402947	0.19096876	0.19271666	+0.00173900
Entry Signal

MarketClub’s Trade Triangles for ZARAED

The long-term trend has been DOWN since Apr 18th, 2024 at 0.18943003

The intermediate-term trend has been DOWN since Apr 16th, 2024 at 0.19221359

The short-term trend has been UP since Apr 25th, 2024 at 0.19259765

Smart Scan Analysis for ZARAED

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

-85

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.19097770	0.19402947	0.19096876	0.19271666	+0.00173900
Prev. Close	Volume	Bid	Ask	Time
0.19097770				2024-04-25 09:13:49

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