Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
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 Feb 1st, 2022 at 0.40779162
The intermediate-term trend has been UP since Jul 27th, 2022 at 0.48970649
The short-term trend has been UP since Jul 27th, 2022 at 0.49429190
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).