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Forex Trend Analysis Report

Prepared for you on Monday, October 25, 2021.

South African Rand/Hong Kong Dollar (FOREX:ZARHKD)

Sidelines Mode (-55) - ZARHKD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid ZARHKD?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARHKD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARHKD
Open High Low ZARHKD Price Change
0.52568822 0.52972365 0.52215500 0.52785548 +0.00216700
Entry Signal

MarketClub’s Trade Triangles for ZARHKD

long term down The long-term trend has been DOWN since Jul 23rd, 2021 at 0.52365097

intermediate term up The intermediate-term trend has been UP since Oct 19th, 2021 at 0.53285820

short term down The short-term trend has been DOWN since Oct 22nd, 2021 at 0.52892519

Smart Scan Analysis for ZARHKD

Based on our trend formula, ZARHKD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for ZARHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.52568822 0.52972365 0.52215500 0.52785548 +0.00216700
Prev. Close Volume Bid Ask Time
0.52568822 2021-10-25 15:43:45
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