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Forex Trend Analysis Report

Prepared for you on Saturday, March 2, 2024.

South African Rand/Polish New Zloty (FOREX:ZARPLN)

Countertrend Down (-85) - ZARPLN is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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

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

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

FOREX_ZARPLN
Open High Low ZARPLN Price Change
0.208235 0.208820 0.207370 0.208480 +0.000245
Entry Signal

MarketClub’s Trade Triangles for ZARPLN

long term down The long-term trend has been DOWN since Nov 22nd, 2023 at 0.21223

intermediate term down The intermediate-term trend has been DOWN since Feb 20th, 2024 at 0.21025

short term up The short-term trend has been UP since Mar 1st, 2024 at 0.20858

Smart Scan Analysis for ZARPLN

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

-85
Smart Scan Analysis for ZARPLN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.208235 0.208820 0.207370 0.208480 +0.000245
Prev. Close Volume Bid Ask Time
0.208235 2024-03-01 16:59:48
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