Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
South African Rand/Bulgarian Lev (FOREX:ZARBGN)
Sidelines Mode (-55) - ZARBGN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ZARBGN?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARBGN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARBGN
The long-term trend has been UP since Nov 1st, 2023 at 0.09948262
The intermediate-term trend has been DOWN since Nov 20th, 2023 at 0.09731331
The short-term trend has been UP since Nov 28th, 2023 at 0.09585901
Smart Scan Analysis for ZARBGN
Based on our trend formula, ZARBGN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).