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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

South African Rand/Singapore Dollar (FOREX:ZARSGD)

Crossroads (-60) - ZARSGD 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 ZARSGD?

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

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

FOREX_ZARSGD
Open High Low ZARSGD Price Change
0.07328840 0.07372211 0.07325330 0.07356113 +0.00027300
Entry Signal

MarketClub’s Trade Triangles for ZARSGD

long term up The long-term trend has been UP since Apr 9th, 2024 at 0.07294151

intermediate term down The intermediate-term trend has been DOWN since Jul 25th, 2024 at 0.07268529

short term down The short-term trend has been DOWN since Jul 23rd, 2024 at 0.07319527

Smart Scan Analysis for ZARSGD

Based on our trend formula, ZARSGD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for ZARSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07328840 0.07372211 0.07325330 0.07356113 +0.00027300
Prev. Close Volume Bid Ask Time
0.07328840 2024-07-26 17:04:33
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