Forex Trend Analysis Report
Prepared for you on Thursday, February 27, 2020.
South African Rand/ (FOREX:ZARCDF)
Weak Downtrend (-65) - ZARCDF is showing signs of a strengthening downtrend. Monitor ZARCDF as it may be building momentum to the downside.
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 UP since Dec 12th, 2019 at 114.45000
The intermediate-term trend has been DOWN since Jan 12th, 2020 at 117.70997
The short-term trend has been DOWN since Jan 27th, 2020 at 117.60584
Smart Scan Analysis for ZARCDF
Based on our trend formula, ZARCDF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).