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Forex Trend Analysis Report

Prepared for you on Tuesday, June 22, 2021.

South African Rand/Hong Kong Dollar (FOREX:ZARHKD)

Sidelines Mode (-55) - ZARHKD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid ZARHKD?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARHKD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARHKD
Open High Low ZARHKD Price Change
0.54466600 0.54597999 0.53973146 0.54387787 -0.00078800
Entry Signal

MarketClub’s Trade Triangles for ZARHKD

long term up The long-term trend has been UP since Jul 21st, 2020 at 0.47338962

intermediate term down The intermediate-term trend has been DOWN since Jun 16th, 2021 at 0.55356602

short term up The short-term trend has been UP since Jun 16th, 2021 at 0.56723804

Smart Scan Analysis for ZARHKD

Based on our trend formula, ZARHKD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for ZARHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.54466600 0.54597999 0.53973146 0.54387787 -0.00078800
Prev. Close Volume Bid Ask Time
0.54466600 2021-06-22 23:25:50
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