Forex Trend Analysis Report
Prepared for you on Sunday, August 14, 2022.
South African Rand/Indonesian Rupiah (FOREX:ZARIDR)
Crossroads (+60) - ZARIDR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 May 2nd, 2022 at 900.6745
The intermediate-term trend has been UP since Aug 2nd, 2022 at 905.1205
The short-term trend has been UP since Aug 10th, 2022 at 897.0797
Smart Scan Analysis for ZARIDR
Based on our trend formula, ZARIDR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).