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Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

South African Rand/Bulgarian Lev (FOREX:ZARBGN)

Sidelines Mode (-55) - ZARBGN 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 ZARBGN?

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

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

FOREX_ZARBGN
Open High Low ZARBGN Price Change
0.09633178 0.09633178 0.09587460 0.09589471 -0.00043700
Entry Signal

MarketClub’s Trade Triangles for ZARBGN

long term up The long-term trend has been UP since Nov 1st, 2023 at 0.09948262

intermediate term down The intermediate-term trend has been DOWN since Nov 20th, 2023 at 0.09731331

short term up The short-term trend has been UP since Dec 1st, 2023 at 0.09629522

Smart Scan Analysis for ZARBGN

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

-55
Smart Scan Analysis for ZARBGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.09633178 0.09633178 0.09587460 0.09589471 -0.00043700
Prev. Close Volume Bid Ask Time
0.09633178 2023-12-04 15:22:38
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