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Forex Trend Analysis Report

Prepared for you on Thursday, May 30, 2024.

South African Rand/Malaysian Ringt (FOREX:ZARMYR)

Strong Downtrend (-100) - ZARMYR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZARMYR continues to fall. Traders should use caution and set stops.

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

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

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FOREX_ZARMYR
Open High Low ZARMYR Price Change
0.25440509 0.25445176 0.25196500 0.25196500 -0.00244000
Entry Signal

MarketClub’s Trade Triangles for ZARMYR

long term down The long-term trend has been DOWN since Apr 17th, 2024 at 0.24584977

intermediate term down The intermediate-term trend has been DOWN since May 30th, 2024 at 0.25405170

short term down The short-term trend has been DOWN since May 30th, 2024 at 0.25459975

Smart Scan Analysis for ZARMYR

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

-100
Smart Scan Analysis for ZARMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.25440509 0.25445176 0.25196500 0.25196500 -0.00244000
Prev. Close Volume Bid Ask Time
0.25440509 2024-05-30 04:01:58
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