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Forex Trend Analysis Report

Prepared for you on Tuesday, September 21, 2021.

South African Rand/Egyptian Pound (FOREX:ZAREGP)

Strong Downtrend (-100) - ZAREGP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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.

FOREX_ZAREGP
Open High Low ZAREGP Price Change
1.0650710 1.0723843 1.0596271 1.0619309 -0.0031400
Entry Signal

MarketClub’s Trade Triangles for ZAREGP

long term down The long-term trend has been DOWN since Jul 23rd, 2021 at 1.0579250

intermediate term down The intermediate-term trend has been DOWN since Sep 19th, 2021 at 1.0623718

short term down The short-term trend has been DOWN since Sep 14th, 2021 at 1.1014643

Smart Scan Analysis for ZAREGP

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

-100
Smart Scan Analysis for ZAREGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0650710 1.0723843 1.0596271 1.0619309 -0.0031400
Prev. Close Volume Bid Ask Time
1.0650710 2021-09-21 07:12:33
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