Forex Trend Analysis Report

Prepared for you on Wednesday, May 1, 2024.

South African Rand/Jordanian Dinar (FOREX:ZARJOD)

Sidelines Mode (-55) - ZARJOD 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 ZARJOD?

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

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

Open	High	Low	ZARJOD Price	Change
0.03791931	0.03793243	0.03765549	0.03780783	-0.00011100
Entry Signal

MarketClub’s Trade Triangles for ZARJOD

The long-term trend has been DOWN since Oct 3rd, 2023 at 0.03676158

The intermediate-term trend has been DOWN since Apr 17th, 2024 at 0.03712632

The short-term trend has been UP since Apr 25th, 2024 at 0.03714097

Smart Scan Analysis for ZARJOD

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

-55

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.03791931	0.03793243	0.03765549	0.03780783	-0.00011100
Prev. Close	Volume	Bid	Ask	Time
0.03791931				2024-04-30 17:25:47

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