Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
South African Rand/ (FOREX:ZARCDF)
Sidelines Mode (+50) - ZARCDF is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until ZARCDF can gain momentum.
Is it time to buy, sell, or avoid ZARCDF?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARCDF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARCDF
The long-term trend has been DOWN since Feb 27th, 2020 at 111.26390
The intermediate-term trend has been UP since May 11th, 2020 at 93.64836
The short-term trend has been UP since May 20th, 2020 at 97.37476
Smart Scan Analysis for ZARCDF
Based on our trend formula, ZARCDF is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).