Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
/South African Rand (FOREX:GHSZAR)
Bear Market Rally (-75) - GHSZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GHSZAR as it may be in the beginning of a reversal.
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 Sep 10th, 2021 at 2.3352458
The intermediate-term trend has been UP since Sep 21st, 2021 at 2.4194286
The short-term trend has been DOWN since Oct 3rd, 2021 at 2.4757308
Smart Scan Analysis for GHSZAR
Based on our trend formula, GHSZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).