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Forex Trend Analysis Report

Prepared for you on Wednesday, May 12, 2021.

South African Rand/Moroccan Dirham (FOREX:ZARMAD)

Countertrend Up (+85) - ZARMAD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid ZARMAD?

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

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

FOREX_ZARMAD
Open High Low ZARMAD Price Change
0.63262738 0.63262738 0.63162751 0.63251532 -0.00011200
Entry Signal

MarketClub’s Trade Triangles for ZARMAD

long term up The long-term trend has been UP since Nov 10th, 2020 at 0.57476963

intermediate term up The intermediate-term trend has been UP since Mar 31st, 2021 at 0.61143958

short term up The short-term trend has been UP since Apr 18th, 2021 at 0.62247828

Smart Scan Analysis for ZARMAD

Based on our trend formula, ZARMAD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for ZARMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.63262738 0.63262738 0.63162751 0.63251532 -0.00011200
Prev. Close Volume Bid Ask Time
0.63262738 2021-05-11 20:34:41
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