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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

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
0.20532335 0.20566507 0.20309225 0.20311644 -0.00220700
Entry Signal

MarketClub’s Trade Triangles for ZARSAR

long term up The long-term trend has been UP since May 3rd, 2024 at 0.20345372

intermediate term up The intermediate-term trend has been UP since May 3rd, 2024 at 0.20345372

short term down The short-term trend has been DOWN since May 29th, 2024 at 0.20326343

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
0.20532335 0.20566507 0.20309225 0.20311644 -0.00220700
Prev. Close Volume Bid Ask Time
0.20532335 2024-05-29 21:02:33
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