Forex Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
South African Rand/Egyptian Pound (FOREX:ZAREGP)
Weak Downtrend (-65) - ZAREGP is showing signs of a strengthening downtrend. Monitor ZAREGP as it may be building momentum to the downside.
Is it time to buy, sell, or avoid ZAREGP?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZAREGP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZAREGP
The long-term trend has been UP since Nov 3rd, 2020 at 0.9799026
The intermediate-term trend has been DOWN since Feb 26th, 2021 at 1.0329317
The short-term trend has been DOWN since Feb 25th, 2021 at 1.0493586
Smart Scan Analysis for ZAREGP
Based on our trend formula, ZAREGP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).