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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

South African Rand/Indonesian Rupiah (FOREX:ZARIDR)

Weak Downtrend (-65) - ZARIDR is showing signs of a strengthening downtrend. Monitor ZARIDR as it may be building momentum to the downside.

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

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

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

FOREX_ZARIDR
Open High Low ZARIDR Price Change
845.6782 847.2979 835.2857 841.0798 -4.5984
Entry Signal

MarketClub’s Trade Triangles for ZARIDR

long term up The long-term trend has been UP since Jul 28th, 2023 at 867.1327

intermediate term down The intermediate-term trend has been DOWN since Apr 24th, 2024 at 837.9454

short term down The short-term trend has been DOWN since Apr 15th, 2024 at 848.9966

Smart Scan Analysis for ZARIDR

Based on our trend formula, ZARIDR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for ZARIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
845.6782 847.2979 835.2857 841.0798 -4.5984
Prev. Close Volume Bid Ask Time
845.6782 2024-04-24 09:15:50
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