Forex Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
South African Rand/Botswana Pula (FOREX:ZARBWP)
Sidelines Mode (+55) - ZARBWP 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 ZARBWP?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARBWP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARBWP
The long-term trend has been UP since Sep 16th, 2020 at 0.7023137
The intermediate-term trend has been UP since Feb 5th, 2021 at 0.7378283
The short-term trend has been DOWN since Feb 25th, 2021 at 0.7278003
Smart Scan Analysis for ZARBWP
Based on our trend formula, ZARBWP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).