Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
South African Rand/ (FOREX:ZARGHS)
Countertrend Up (+85) - ZARGHS is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid ZARGHS?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARGHS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARGHS
The long-term trend has been UP since Sep 10th, 2021 at 0.42822581
The intermediate-term trend has been UP since Oct 20th, 2021 at 0.40726448
The short-term trend has been UP since Oct 3rd, 2021 at 0.40392619
Smart Scan Analysis for ZARGHS
Based on our trend formula, ZARGHS is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).