Forex Trend Analysis Report
Prepared for you on Thursday, June 4, 2020.
South African Rand/ (FOREX:ZARBTN)
Bull Market Weakness (+75) - ZARBTN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARBTN as it may be in the beginning stages of a reversal.
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 UP since Apr 30th, 2020 at 4.0481813
The intermediate-term trend has been UP since Apr 30th, 2020 at 4.0481813
The short-term trend has been UP since May 19th, 2020 at 4.0909314
Smart Scan Analysis for ZARBTN
Based on our trend formula, ZARBTN is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).