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Forex Trend Analysis Report

Prepared for you on Tuesday, February 25, 2020.

South African Rand/ (FOREX:ZARMGA)

Long-Term Downtrend (-90) - ZARMGA is in a strong downtrend that is likely to continue. While ZARMGA is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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

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

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

FOREX_ZARMGA
Open High Low ZARMGA Price Change
245.94257 246.63231 245.65709 246.57262 +0.63005
Entry Signal

MarketClub’s Trade Triangles for ZARMGA

long term down The long-term trend has been DOWN since Jan 27th, 2020 at 128.30280

intermediate term down The intermediate-term trend has been DOWN since Jan 20th, 2020 at 252.17786

short term down The short-term trend has been DOWN since Feb 17th, 2020 at 246.75883

Smart Scan Analysis for ZARMGA

Based on our trend formula, ZARMGA is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ZARMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
245.94257 246.63231 245.65709 246.57262 +0.63005
Prev. Close Volume Bid Ask Time
245.94257 246.52685 246.61839 2020-02-25 01:38:09
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