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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
South African Rand/Japanese Yen (FOREX:ZARJPY)
Long-Term Uptrend (+90) - ZARJPY is in a strong uptrend that is likely to continue. While ZARJPY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid ZARJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ZARJPY
The long-term trend has been UP since Mar 19th, 2024 at 7.997155
The intermediate-term trend has been UP since Mar 17th, 2024 at 7.975037
The short-term trend has been UP since Apr 24th, 2024 at 8.115000
Smart Scan Analysis for ZARJPY
Based on our trend formula, ZARJPY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.084484 | 8.217600 | 8.082500 | 8.170000 | +0.085516 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.084484 | 2024-04-25 10:50:28 |