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Forex Trend Analysis Report

Prepared for you on Wednesday, June 12, 2024.

South African Rand/Viet Nam Dong (FOREX:ZARVND)

Sidelines Mode (-55) - ZARVND 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 ZARVND?

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

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

FOREX_ZARVND
Open High Low ZARVND Price Change
1368.5426 1371.8682 1368.5426 1370.0732 +1.5306
Entry Signal

MarketClub’s Trade Triangles for ZARVND

long term up The long-term trend has been UP since May 9th, 2024 at 1377.8286

intermediate term down The intermediate-term trend has been DOWN since Jun 5th, 2024 at 1348.6555

short term up The short-term trend has been UP since Jun 10th, 2024 at 1349.2883

Smart Scan Analysis for ZARVND

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

-55
Smart Scan Analysis for ZARVND
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1368.5426 1371.8682 1368.5426 1370.0732 +1.5306
Prev. Close Volume Bid Ask Time
1368.5426 2024-06-12 05:32:56
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