Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Swaziland Lilangeni/South African Rand (FOREX:SZLZAR)
Long-Term Downtrend (-90) - SZLZAR is in a strong downtrend that is likely to continue. While SZLZAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SZLZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for SZLZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SZLZAR
The long-term trend has been DOWN since May 21st, 2020 at 0.9874832
The intermediate-term trend has been DOWN since May 21st, 2020 at 0.9875255
The short-term trend has been DOWN since May 20th, 2020 at 1.0001886
Smart Scan Analysis for SZLZAR
Based on our trend formula, SZLZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).