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Forex Trend Analysis Report
Prepared for you on Sunday, April 28, 2024.
South African Rand/Algerian Dinar (FOREX:ZARDZD)
Sidelines Mode (-55) - ZARDZD 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 ZARDZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARDZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ZARDZD
The long-term trend has been DOWN since Oct 5th, 2023 at 7.060141
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 7.075424
The short-term trend has been UP since Apr 25th, 2024 at 7.060738
Smart Scan Analysis for ZARDZD
Based on our trend formula, ZARDZD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.158183 | 7.158183 | 7.158183 | 7.158183 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.158183 | 2024-04-28 02:57:11 |