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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
South African Rand/Egyptian Pound (FOREX:ZAREGP)
Long-Term Downtrend (-90) - ZAREGP is in a strong downtrend that is likely to continue. While ZAREGP 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 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 DOWN since Dec 25th, 2024 at 2.6848904
The intermediate-term trend has been DOWN since Dec 24th, 2024 at 2.7233377
The short-term trend has been DOWN since Dec 17th, 2024 at 2.8319502
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 |
|---|---|---|---|---|
| 2.7142996 | 2.7405613 | 2.7131938 | 2.7357021 | +0.0214030 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.7142996 | 2024-12-26 07:05:09 |