Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
South African Rand/Indonesian Rupiah (FOREX:ZARIDR)
Weak Downtrend (-65) - ZARIDR is showing signs of a strengthening downtrend. Monitor ZARIDR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid ZARIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARIDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARIDR
The long-term trend has been DOWN since Jan 27th, 2020 at 919.7424
The intermediate-term trend has been DOWN since Apr 5th, 2020 at 857.9284
The short-term trend has been UP since May 19th, 2020 at 809.3327
Smart Scan Analysis for ZARIDR
Based on our trend formula, ZARIDR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).