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Forex Trend Analysis Report

Prepared for you on Sunday, April 5, 2020.

South African Rand/ (FOREX:ZARMZN)

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

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

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

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

FOREX_ZARMZN
Open High Low ZARMZN Price Change
3.705 3.705 3.705 3.705 0.000
Entry Signal

MarketClub’s Trade Triangles for ZARMZN

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 4.235

intermediate term down The intermediate-term trend has been DOWN since Dec 26th, 2019 at 4.370

short term down The short-term trend has been DOWN since Feb 28th, 2020 at 4.305

Smart Scan Analysis for ZARMZN

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

-100
Smart Scan Analysis for ZARMZN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.705 3.705 3.705 3.705 0.000
Prev. Close Volume Bid Ask Time
3.705 3.670 3.740 2020-03-31 05:50:24
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