Forex Trend Analysis Report

Prepared for you on Monday, October 7, 2024.

South African Rand/Indonesian Rupiah (FOREX:ZARIDR)

Crossroads (+60) - ZARIDR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

Open	High	Low	ZARIDR Price	Change
896.8523	907.1060	895.4684	903.4532	+6.6009
Entry Signal

MarketClub’s Trade Triangles for ZARIDR

The long-term trend has been DOWN since Aug 9th, 2024 at 851.0931

The intermediate-term trend has been UP since Sep 23rd, 2024 at 880.6388

The short-term trend has been UP since Oct 3rd, 2024 at 889.4606

Smart Scan Analysis for ZARIDR

Based on our trend formula, ZARIDR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
896.8523	907.1060	895.4684	903.4532	+6.6009
Prev. Close	Volume	Bid	Ask	Time
896.8523				2024-10-07 11:03:41

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