Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Cyprus Pound/South African Rand (FOREX:CYPZAR)
Weak Downtrend (-65) - CYPZAR is showing signs of a strengthening downtrend. Monitor CYPZAR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid CYPZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CYPZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CYPZAR
The long-term trend has been UP since Jul 7th, 2022 at 29.337118
The intermediate-term trend has been DOWN since Jul 28th, 2022 at 28.813489
The short-term trend has been DOWN since Aug 8th, 2022 at 28.933274
Smart Scan Analysis for CYPZAR
Based on our trend formula, CYPZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).