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Forex Trend Analysis Report

Prepared for you on Tuesday, January 18, 2022.

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

Sidelines Mode (-55) - ZARSAR 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 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
0.24300760 0.24323184 0.24202165 0.24266026 -0.00034700
Entry Signal

MarketClub’s Trade Triangles for ZARSAR

long term down The long-term trend has been DOWN since Jul 23rd, 2021 at 0.25289846

intermediate term up The intermediate-term trend has been UP since Dec 23rd, 2021 at 0.23914246

short term down The short-term trend has been DOWN since Jan 18th, 2022 at 0.24285600

Smart Scan Analysis for ZARSAR

Based on our trend formula, ZARSAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for ZARSAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.24300760 0.24323184 0.24202165 0.24266026 -0.00034700
Prev. Close Volume Bid Ask Time
0.24300760 2022-01-18 06:22:57
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