Forex Trend Analysis Report
Prepared for you on Thursday, May 13, 2021.
South African Rand/Colombian Peso (FOREX:ZARCOP)
Bull Market Weakness (+75) - ZARCOP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARCOP as it may be in the beginning stages of a reversal.
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 Feb 9th, 2021 at 241.47812
The intermediate-term trend has been UP since Mar 25th, 2021 at 240.64099
The short-term trend has been UP since Apr 6th, 2021 at 249.86170
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).