Forex Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
South African Rand/Indonesian Rupiah (FOREX:ZARIDR)
Sidelines Mode (+55) - ZARIDR 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 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 UP since Feb 16th, 2021 at 983.9353
The intermediate-term trend has been DOWN since Mar 4th, 2021 at 931.5643
The short-term trend has been UP since Mar 3rd, 2021 at 956.1686
Smart Scan Analysis for ZARIDR
Based on our trend formula, ZARIDR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).