Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
South African Rand/ (FOREX:ZARBTN)
Sidelines Mode (+50) - ZARBTN is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until ZARBTN can gain momentum.
Is it time to buy, sell, or avoid ZARBTN?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARBTN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARBTN
The long-term trend has been DOWN since Aug 9th, 2021 at 5.0766260
The intermediate-term trend has been UP since Oct 18th, 2021 at 5.0008261
The short-term trend has been UP since Oct 3rd, 2021 at 4.9609344
Smart Scan Analysis for ZARBTN
Based on our trend formula, ZARBTN is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).