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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
South African Rand/Rwandan Franc (FOREX:ZARRWF)
Sidelines Mode (+55) - ZARRWF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ZARRWF?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARRWF.
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 ZARRWF
The long-term trend has been UP since Jun 18th, 2023 at 62.600317
The intermediate-term trend has been UP since Dec 4th, 2024 at 76.196390
The short-term trend has been DOWN since Dec 15th, 2024 at 77.411900
Smart Scan Analysis for ZARRWF
Based on our trend formula, ZARRWF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 75.83459 | 75.83459 | 75.83459 | 75.83459 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 74.67160 | 2024-12-21 08:23:56 |