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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

South African Rand/Saudi Arabian Riyal (FOREX:ZARSAR)

Long-Term Downtrend (-90) - ZARSAR is in a strong downtrend that is likely to continue. While ZARSAR 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 ZARSAR?

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

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

FOREX_ZARSAR
Open High Low ZARSAR Price Change
0.19837627 0.19840811 0.19639237 0.19805310 -0.00032300
Entry Signal

MarketClub’s Trade Triangles for ZARSAR

long term down The long-term trend has been DOWN since Oct 3rd, 2023 at 0.19427831

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2024 at 0.19650118

short term down The short-term trend has been DOWN since Mar 28th, 2024 at 0.19779678

Smart Scan Analysis for ZARSAR

Based on our trend formula, ZARSAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ZARSAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19837627 0.19840811 0.19639237 0.19805310 -0.00032300
Prev. Close Volume Bid Ask Time
0.19837627 2024-03-28 17:07:57
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