Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
South African Rand/Colombian Peso (FOREX:ZARCOP)
Long-Term Uptrend (+90) - ZARCOP is in a strong uptrend that is likely to continue. While ZARCOP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Jan 21st, 2021 at 233.19269
The short-term trend has been UP since Feb 22nd, 2021 at 242.31823
Smart Scan Analysis for ZARCOP
Based on our trend formula, ZARCOP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).