Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2023.
/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 DOWN since Nov 6th, 2023 at 1.5722218
The intermediate-term trend has been UP since Nov 27th, 2023 at 1.5698444
The short-term trend has been DOWN since Dec 8th, 2023 at 1.5611136
Smart Scan Analysis for GHSZAR
Based on our trend formula, GHSZAR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).