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Forex Trend Analysis Report

Prepared for you on Thursday, July 25, 2024.

South African Rand/US Dollar (FOREX:ZARUSD)

Weak Uptrend (+65) - ZARUSD is showing signs of weakening momentum to the upside. Monitor ZARUSD as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid ZARUSD?

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

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

FOREX_ZARUSD
Open High Low ZARUSD Price Change
0.05431125 0.05458450 0.05395000 0.05455210 +0.00024100
Entry Signal

MarketClub’s Trade Triangles for ZARUSD

long term up The long-term trend has been UP since May 3rd, 2024 at 0.05430533

intermediate term up The intermediate-term trend has been UP since Jun 18th, 2024 at 0.05495832

short term down The short-term trend has been DOWN since Jul 23rd, 2024 at 0.05443155

Smart Scan Analysis for ZARUSD

Based on our trend formula, ZARUSD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for ZARUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05431125 0.05458450 0.05395000 0.05455210 +0.00024100
Prev. Close Volume Bid Ask Time
0.05431125 2024-07-25 12:41:18
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