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Forex Trend Analysis Report

Prepared for you on Saturday, May 18, 2024.

South African Rand/Egyptian Pound (FOREX:ZAREGP)

Strong Uptrend (+100) - ZAREGP is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, ZAREGP continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
2.5748726 2.5865171 2.5638258 2.5829384 +0.0080660
Entry Signal

MarketClub’s Trade Triangles for ZAREGP

long term up The long-term trend has been UP since Dec 21st, 2023 at 1.7221228

intermediate term up The intermediate-term trend has been UP since Mar 6th, 2024 at 1.6549524

short term up The short-term trend has been UP since May 16th, 2024 at 2.5753512

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
2.5748726 2.5865171 2.5638258 2.5829384 +0.0080660
Prev. Close Volume Bid Ask Time
2.5902656 2024-05-17 17:00:33
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