Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
South African Rand/Argentine Peso (FOREX:ZARARS)
Bull Market Weakness (+75) - ZARARS is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARARS as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZARARS?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARARS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARARS
The long-term trend has been DOWN since Aug 19th, 2021 at 6.4342693
The intermediate-term trend has been UP since Oct 15th, 2021 at 6.7543500
The short-term trend has been UP since Oct 13th, 2021 at 6.6417517
Smart Scan Analysis for ZARARS
Based on our trend formula, ZARARS is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).