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Forex Trend Analysis Report
Prepared for you on Friday, November 22, 2024.
South African Rand/Saudi Arabian Riyal (FOREX:ZARSAR)
Crossroads (-60) - ZARSAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for ZARSAR
The long-term trend has been UP since May 3rd, 2024 at 0.20345372
The intermediate-term trend has been DOWN since Nov 11th, 2024 at 0.21027829
The short-term trend has been DOWN since Nov 21st, 2024 at 0.20678239
Smart Scan Analysis for ZARSAR
Based on our trend formula, ZARSAR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.20731929 | 0.20814055 | 0.20717931 | 0.20813322 | +0.00081400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.20731929 | 2024-11-22 08:19:49 |