Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
South African Rand/Egyptian Pound (FOREX:ZAREGP)
Countertrend Down (-85) - ZAREGP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Jan 31st, 2020 at 1.0603500
The intermediate-term trend has been DOWN since Jan 13th, 2020 at 1.1095974
The short-term trend has been UP since Apr 7th, 2020 at 0.8504936
Smart Scan Analysis for ZAREGP
Based on our trend formula, ZAREGP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).