Today's ZAR to JMD Price Update

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Summary

This report provides the real-time exchange rate between the South African Rand (ZAR) and the Jamaican Dollar (JMD), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Today’s Price

  • 1 ZAR = 9.79 JMD
  • 24h High: 9.9174 JMD
  • 24h Low: 9.7323 JMD

Market Analysis

Recent ZAR/JMD price movement shows moderate volatility within a narrow trading range. Current technical indicators suggest caution in the near term.

  • Technical levels: Key support at 9.645 JMD, resistance at 19.511 JMD
  • Technical indicator: The 14-day Relative Strength Index (RSI) stands at 40.554, indicating a bearish signal
  • Price forecast: Rate target in 14 days: 9.293 JMD
  • Risk note: The pair may face downward pressure with potential movement toward 9.114 JMD

Conclusion

Continue to monitor the ZAR/JMD pair closely, integrating technical indicators and support/resistance levels into your trading strategy. Traders should remain cautious given the current bearish technical signals and consider the forecasted downside targets when planning their positions.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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