Forex Trend Analysis Report
Prepared for you on Monday, October 25, 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 DOWN since Jul 26th, 2021 at 0.7442768
The intermediate-term trend has been UP since Oct 15th, 2021 at 0.7673147
The short-term trend has been DOWN since Oct 22nd, 2021 at 0.7586666
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).