Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
South African Rand/Bahraini Dinar (FOREX:ZARBHD)
Sidelines Mode (-55) - ZARBHD 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 ZARBHD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARBHD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARBHD
The long-term trend has been DOWN since Jul 23rd, 2021 at 0.02542393
The intermediate-term trend has been DOWN since Sep 20th, 2021 at 0.02549866
The short-term trend has been UP since Oct 13th, 2021 at 0.02532285
Smart Scan Analysis for ZARBHD
Based on our trend formula, ZARBHD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).