Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
South African Rand/Argentine Peso (FOREX:ZARARS)
Long-Term Uptrend (+90) - ZARARS is in a strong uptrend that is likely to continue. While ZARARS 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 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 UP since Jan 21st, 2022 at 6.919332
The intermediate-term trend has been UP since Oct 17th, 2023 at 18.706647
The short-term trend has been UP since Nov 27th, 2023 at 19.168043
Smart Scan Analysis for ZARARS
Based on our trend formula, ZARARS is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).