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Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 2024.

South African Rand/Japanese Yen (FOREX:ZARJPY)

Bull Market Weakness (+75) - ZARJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARJPY as it may be in the beginning stages of a reversal.

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.

FOREX_ZARJPY
Open High Low ZARJPY Price Change
8.528677 8.528677 8.527577 8.527590 -0.001087
Entry Signal

MarketClub’s Trade Triangles for ZARJPY

long term up The long-term trend has been UP since Mar 19th, 2024 at 7.997155

intermediate term up The intermediate-term trend has been UP since Mar 17th, 2024 at 7.975037

short term down The short-term trend has been DOWN since May 23rd, 2024 at 8.534550

Smart Scan Analysis for ZARJPY

Based on our trend formula, ZARJPY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for ZARJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.528677 8.528677 8.527577 8.527590 -0.001087
Prev. Close Volume Bid Ask Time
8.528677 2024-05-25 22:14:54
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