Forex Trend Analysis Report
Prepared for you on Friday, November 27, 2020.
South African Rand/United Arab Emirates Dirham (FOREX:ZARAED)
Long-Term Uptrend (+90) - ZARAED is in a strong uptrend that is likely to continue. While ZARAED is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 21st, 2020 at 0.22435163
The intermediate-term trend has been UP since Aug 25th, 2020 at 0.21944350
The short-term trend has been UP since Nov 20th, 2020 at 0.24018519
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).