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.
MarketClub’s Trade Triangles for ZARHKD
The long-term trend has been DOWN since Jul 23rd, 2021 at 0.52365097
The intermediate-term trend has been UP since Oct 19th, 2021 at 0.53285820
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).