Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
South African Rand/Colombian Peso (FOREX:ZARCOP)
Weak Downtrend (-65) - ZARCOP is showing signs of a strengthening downtrend. Monitor ZARCOP as it may be building momentum to the downside.
Is it time to buy, sell, or avoid ZARCOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARCOP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARCOP
The long-term trend has been UP since Oct 11th, 2023 at 224.02219
The intermediate-term trend has been DOWN since Nov 29th, 2023 at 215.06100
The short-term trend has been DOWN since Nov 27th, 2023 at 216.42648
Smart Scan Analysis for ZARCOP
Based on our trend formula, ZARCOP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).