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Forex Trend Analysis Report

Prepared for you on Friday, February 21, 2020.

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.

FOREX_ZAREGP
Open High Low ZAREGP Price Change
1.0293256 1.0394936 1.0243092 1.0393657 +0.0100400
Entry Signal

MarketClub’s Trade Triangles for ZAREGP

long term down The long-term trend has been DOWN since Jan 31st, 2020 at 1.0603500

intermediate term down The intermediate-term trend has been DOWN since Jan 13th, 2020 at 1.1095974

short term down The short-term trend has been DOWN since Feb 17th, 2020 at 1.0490133

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).

-90
Smart Scan Analysis for ZAREGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0293256 1.0394936 1.0243092 1.0393657 +0.0100400
Prev. Close Volume Bid Ask Time
1.0293256 1.0383242 1.0404071 2020-02-21 11:26:14
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