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Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
South African Rand/Malaysian Ringt (FOREX:ZARMYR)
Long-Term Downtrend (-90) - ZARMYR is in a strong downtrend that is likely to continue. While ZARMYR 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 ZARMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARMYR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ZARMYR
The long-term trend has been DOWN since Dec 26th, 2024 at 0.23788390
The intermediate-term trend has been DOWN since Jan 27th, 2025 at 0.23475119
The short-term trend has been DOWN since Feb 2nd, 2025 at 0.23649067
Smart Scan Analysis for ZARMYR
Based on our trend formula, ZARMYR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.23696074 | 0.23738158 | 0.23690473 | 0.23729924 | +0.00033800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.23696074 | 2025-02-05 02:36:54 |