Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Japanese Yen/South African Rand (FOREX:JPYZAR)
Countertrend Down (-85) - JPYZAR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid JPYZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYZAR
The long-term trend has been DOWN since Oct 15th, 2021 at 0.12781422
The intermediate-term trend has been DOWN since Oct 11th, 2021 at 0.13249032
The short-term trend has been UP since Oct 12th, 2021 at 0.13333862
Smart Scan Analysis for JPYZAR
Based on our trend formula, JPYZAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).