Forex Trend Analysis Report
Prepared for you on Monday, September 25, 2023.
South African Rand/ (FOREX:ZARGHS)
Sidelines Mode (+50) - ZARGHS is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until ZARGHS can gain momentum.
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 DOWN since Dec 19th, 2022 at 0.56788953
The intermediate-term trend has been UP since Aug 29th, 2023 at 0.61086840
The short-term trend has been UP since Sep 11th, 2023 at 0.60293070
Smart Scan Analysis for ZARGHS
Based on our trend formula, ZARGHS is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).