Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
South African Rand/Colombian Peso (FOREX:ZARCOP)
Sidelines Mode (+50) - ZARCOP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until ZARCOP can gain momentum.
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 DOWN since Apr 2nd, 2020 at 224.33817
The intermediate-term trend has been UP since Apr 28th, 2020 at 217.37740
The short-term trend has been UP since May 20th, 2020 at 212.03882
Smart Scan Analysis for ZARCOP
Based on our trend formula, ZARCOP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).