Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
Cyprus Pound/South African Rand (FOREX:CYPZAR)
Sidelines Mode (-55) - CYPZAR 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 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 DOWN since Nov 1st, 2020 at 32.238681
The intermediate-term trend has been DOWN since Feb 3rd, 2021 at 30.664745
The short-term trend has been UP since Feb 25th, 2021 at 30.917025
Smart Scan Analysis for CYPZAR
Based on our trend formula, CYPZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).