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Forex Trend Analysis Report

Prepared for you on Wednesday, November 29, 2023.

South African Rand/Bahraini Dinar (FOREX:ZARBHD)

Countertrend Down (-85) - ZARBHD 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 ZARBHD?

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

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

FOREX_ZARBHD
Open High Low ZARBHD Price Change
0.02027539 0.02037821 0.02010120 0.02010120 -0.00017400
Entry Signal

MarketClub’s Trade Triangles for ZARBHD

long term down The long-term trend has been DOWN since Oct 3rd, 2023 at 0.01954313

intermediate term down The intermediate-term trend has been DOWN since Nov 24th, 2023 at 0.01990750

short term up The short-term trend has been UP since Nov 27th, 2023 at 0.02023110

Smart Scan Analysis for ZARBHD

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

-85
Smart Scan Analysis for ZARBHD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02027539 0.02037821 0.02010120 0.02010120 -0.00017400
Prev. Close Volume Bid Ask Time
0.02027539 2023-11-29 15:43:06
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