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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 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.
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MarketClub’s Trade Triangles for ZARSAR
The long-term trend has been DOWN since Dec 19th, 2024 at 0.20456052
The intermediate-term trend has been DOWN since Dec 18th, 2024 at 0.20575771
The short-term trend has been DOWN since Dec 13th, 2024 at 0.21004411
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.20239248 | 0.20272575 | 0.20073944 | 0.20073944 | -0.00165300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.20093576 | 2024-12-24 17:13:34 |