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Forex Trend Analysis Report

Prepared for you on Friday, August 14, 2020.

/South African Rand (FOREX:ZMWZAR)

Sidelines Mode (+55) - ZMWZAR 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 ZMWZAR?

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

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

FOREX_ZMWZAR
Open High Low ZMWZAR Price Change
0.9416200 0.9442037 0.9383532 0.9434694 +0.0018490
Entry Signal

MarketClub’s Trade Triangles for ZMWZAR

long term down The long-term trend has been DOWN since Apr 7th, 2020 at 0.9657233

intermediate term up The intermediate-term trend has been UP since Aug 3rd, 2020 at 0.9400298

short term down The short-term trend has been DOWN since Aug 11th, 2020 at 0.9483982

Smart Scan Analysis for ZMWZAR

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

+55
Smart Scan Analysis for ZMWZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9416200 0.9442037 0.9383532 0.9434694 +0.0018490
Prev. Close Volume Bid Ask Time
0.9416200 0.9432021 0.9437366 2020-08-14 04:31:28
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