Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
/South African Rand (FOREX:GHSZAR)
Weak Downtrend (-65) - GHSZAR is showing signs of a strengthening downtrend. Monitor GHSZAR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid GHSZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GHSZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GHSZAR
The long-term trend has been UP since Feb 3rd, 2020 at 2.7291286
The intermediate-term trend has been DOWN since May 20th, 2020 at 3.1647458
The short-term trend has been DOWN since May 20th, 2020 at 3.2018085
Smart Scan Analysis for GHSZAR
Based on our trend formula, GHSZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).