Forex Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
South African Rand/United Arab Emirates Dirham (FOREX:ZARAED)
Bear Market Rally (-75) - ZARAED is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARAED as it may be in the beginning of a reversal.
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 Feb 5th, 2021 at 0.22356164
The intermediate-term trend has been UP since Feb 9th, 2021 at 0.24873181
The short-term trend has been DOWN since Feb 25th, 2021 at 0.24612077
Smart Scan Analysis for ZARAED
Based on our trend formula, ZARAED is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).