Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
South African Rand/Cyprus Pound (FOREX:ZARCYP)
Sidelines Mode (+55) - ZARCYP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ZARCYP?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARCYP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARCYP
The long-term trend has been DOWN since Feb 27th, 2020 at 0.03464195
The intermediate-term trend has been UP since May 21st, 2020 at 0.02988344
The short-term trend has been DOWN since May 28th, 2020 at 0.03030458
Smart Scan Analysis for ZARCYP
Based on our trend formula, ZARCYP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).