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Forex Trend Analysis Report

Prepared for you on Wednesday, August 12, 2020.

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

Sidelines Mode (+55) - ZARAED 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 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.

FOREX_ZARAED
Open High Low ZARAED Price Change
0.20928008 0.21030097 0.20896281 0.21004959 +0.00077000
Entry Signal

MarketClub’s Trade Triangles for ZARAED

long term up The long-term trend has been UP since Jul 21st, 2020 at 0.22435163

intermediate term down The intermediate-term trend has been DOWN since Aug 2nd, 2020 at 0.21481518

short term up The short-term trend has been UP since Aug 11th, 2020 at 0.21016677

Smart Scan Analysis for ZARAED

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

+55
Smart Scan Analysis for ZARAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20928008 0.21030097 0.20896281 0.21004959 +0.00077000
Prev. Close Volume Bid Ask Time
0.20928008 0.20999854 0.21010064 2020-08-12 05:04:45
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