Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
South African Rand/Egyptian Pound (FOREX:ZAREGP)
Crossroads (+60) - ZAREGP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Jul 23rd, 2021 at 1.0579250
The intermediate-term trend has been UP since Oct 15th, 2021 at 1.0788251
The short-term trend has been UP since Oct 13th, 2021 at 1.0561674
Smart Scan Analysis for ZAREGP
Based on our trend formula, ZAREGP is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).