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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
South African Rand/Japanese Yen (FOREX:ZARJPY)
Crossroads (-60) - ZARJPY 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 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 DOWN since Jul 15th, 2024 at 8.652100
The short-term trend has been DOWN since Jul 11th, 2024 at 8.809200
Smart Scan Analysis for ZARJPY
Based on our trend formula, ZARJPY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.393500 | 8.478550 | 8.378350 | 8.424532 | +0.031032 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.393500 | 2024-07-26 20:29:49 |