Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, April 25, 2024.

South African Rand/Algerian Dinar (FOREX:ZARDZD)

Long-Term Downtrend (-90) - ZARDZD is in a strong downtrend that is likely to continue. While ZARDZD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_ZARDZD
Open High Low ZARDZD Price Change
6.993963 7.006769 6.993963 7.006769 +0.012806
Entry Signal

MarketClub’s Trade Triangles for ZARDZD

long term down The long-term trend has been DOWN since Oct 5th, 2023 at 7.060141

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 7.075424

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 7.189391

Smart Scan Analysis for ZARDZD

Based on our trend formula, ZARDZD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ZARDZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.993963 7.006769 6.993963 7.006769 +0.012806
Prev. Close Volume Bid Ask Time
6.993963 2024-04-25 00:42:16
Get a free daily analysis and signals for South African Rand/Algerian Dinar (ZARDZD) - Request Your Free Report.