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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

South African Rand/Egyptian Pound (FOREX:ZAREGP)

Weak Uptrend (+65) - ZAREGP is showing signs of weakening momentum to the upside. Monitor ZAREGP as it may be in the beginning stages of a reversal.

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
2.6375652 2.6532450 2.6368665 2.6438164 +0.0062510
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 Jun 17th, 2024 at 2.6159588

short term down The short-term trend has been DOWN since Jul 23rd, 2024 at 2.6259652

Smart Scan Analysis for ZAREGP

Based on our trend formula, ZAREGP is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for ZAREGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6375652 2.6532450 2.6368665 2.6438164 +0.0062510
Prev. Close Volume Bid Ask Time
2.6375652 2024-07-26 16:59:56
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