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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

South African Rand/Singapore Dollar (FOREX:ZARSGD)

Long-Term Downtrend (-90) - ZARSGD is in a strong downtrend that is likely to continue. While ZARSGD 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 ZARSGD?

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

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FOREX_ZARSGD
Open High Low ZARSGD Price Change
0.07243862 0.07312511 0.07238350 0.07296848 +0.00053000
Entry Signal

MarketClub’s Trade Triangles for ZARSGD

long term down The long-term trend has been DOWN since Dec 24th, 2024 at 0.07246357

intermediate term down The intermediate-term trend has been DOWN since Dec 23rd, 2024 at 0.07370708

short term down The short-term trend has been DOWN since Dec 24th, 2024 at 0.07294427

Smart Scan Analysis for ZARSGD

Based on our trend formula, ZARSGD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ZARSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07243862 0.07312511 0.07238350 0.07296848 +0.00053000
Prev. Close Volume Bid Ask Time
0.07243862 2024-12-26 04:59:29
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