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Forex Trend Analysis Report
Prepared for you on Saturday, March 25, 2023.
South African Rand/Egyptian Pound (FOREX:ZAREGP)
Long-Term Uptrend (+90) - ZAREGP is in a strong uptrend that is likely to continue. While ZAREGP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid ZAREGP?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZAREGP.
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 ZAREGP
The long-term trend has been UP since Oct 27th, 2022 at 1.1917046
The intermediate-term trend has been UP since Mar 23rd, 2023 at 1.7134330
The short-term trend has been UP since Mar 22nd, 2023 at 1.6843049
Smart Scan Analysis for ZAREGP
Based on our trend formula, ZAREGP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.7082586 | 1.7114688 | 1.6875201 | 1.6993639 | -0.0088950 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.7082586 | 2023-03-24 17:08:07 |