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Forex Trend Analysis Report

Prepared for you on Sunday, February 23, 2020.

/South African Rand (FOREX:ZMWZAR)

Bull Market Weakness (+75) - ZMWZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZMWZAR as it may be in the beginning stages of a reversal.

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
1.0330796 1.0381957 1.0241561 1.0284216 -0.0046580
Entry Signal

MarketClub’s Trade Triangles for ZMWZAR

long term down The long-term trend has been DOWN since Nov 5th, 2019 at 1.0936823

intermediate term up The intermediate-term trend has been UP since Feb 19th, 2020 at 1.0275701

short term up The short-term trend has been UP since Feb 17th, 2020 at 1.0182012

Smart Scan Analysis for ZMWZAR

Based on our trend formula, ZMWZAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for ZMWZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0330796 1.0381957 1.0241561 1.0284216 -0.0046580
Prev. Close Volume Bid Ask Time
1.0330796 1.0280789 1.0287642 2020-02-21 17:13:30
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