Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
South African Rand/United Arab Emirates Dirham (FOREX:ZARAED)
Long-Term Downtrend (-90) - ZARAED is in a strong downtrend that is likely to continue. While ZARAED 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 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 DOWN since Mar 7th, 2023 at 0.19835551
The intermediate-term trend has been DOWN since Jan 30th, 2023 at 0.21140571
The short-term trend has been DOWN since Mar 15th, 2023 at 0.19910032
Smart Scan Analysis for ZARAED
Based on our trend formula, ZARAED is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).