Forex Trend Analysis Report
Prepared for you on Saturday, October 16, 2021.
South African Rand/Algerian Dinar (FOREX:ZARDZD)
Bull Market Weakness (+75) - ZARDZD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARDZD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZARDZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARDZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARDZD
The long-term trend has been DOWN since Aug 19th, 2021 at 9.040216
The intermediate-term trend has been UP since Oct 15th, 2021 at 9.374319
The short-term trend has been UP since Oct 1st, 2021 at 9.146539
Smart Scan Analysis for ZARDZD
Based on our trend formula, ZARDZD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).