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Forex Trend Analysis Report

Prepared for you on Saturday, May 18, 2024.

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
0.5431025 0.5431025 0.5431025 0.5431025 0.0000000
Entry Signal

MarketClub’s Trade Triangles for ZARMAD

long term up The long-term trend has been UP since Apr 29th, 2024 at 0.54284208

intermediate term up The intermediate-term trend has been UP since Apr 29th, 2024 at 0.54221175

short term down The short-term trend has been DOWN since May 15th, 2024 at 0.54396594

Smart Scan Analysis for ZARMAD

Based on our trend formula, ZARMAD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for ZARMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.5431025 0.5431025 0.5431025 0.5431025 0.0000000
Prev. Close Volume Bid Ask Time
0.5490610 2024-05-15 07:26:12
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