Forex Trend Analysis Report
Prepared for you on Sunday, October 24, 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 DOWN since Oct 15th, 2021 at 937.2723
The intermediate-term trend has been UP since Oct 18th, 2021 at 964.9477
The short-term trend has been DOWN since Oct 22nd, 2021 at 961.1346
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).