Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
South African Rand/United Arab Emirates Dirham (FOREX:ZARAED)
Sidelines Mode (-55) - ZARAED is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ZARAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARAED.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARAED
The long-term trend has been UP since Jul 20th, 2023 at 0.21103951
The intermediate-term trend has been DOWN since Nov 21st, 2023 at 0.19385553
The short-term trend has been UP since Nov 27th, 2023 at 0.19631240
Smart Scan Analysis for ZARAED
Based on our trend formula, ZARAED is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).