Forex Trend Analysis Report
Prepared for you on Sunday, March 7, 2021.
South African Rand/Bulgarian Lev (FOREX:ZARBGN)
Crossroads (-60) - ZARBGN is struggling to move into a solid trend. Beware of choppy markets 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 2nd, 2020 at 0.10347069
The intermediate-term trend has been DOWN since Feb 25th, 2021 at 0.10709906
The short-term trend has been DOWN since Feb 25th, 2021 at 0.10834297
Smart Scan Analysis for ZARBGN
Based on our trend formula, ZARBGN is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).