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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.

FOREX_ZARIDR
Open High Low ZARIDR Price Change
967.6060 972.6919 957.6143 959.7647 -7.8413
Entry Signal

MarketClub’s Trade Triangles for ZARIDR

long term down The long-term trend has been DOWN since Oct 15th, 2021 at 937.2723

intermediate term up The intermediate-term trend has been UP since Oct 18th, 2021 at 964.9477

short term down 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).

+55
Smart Scan Analysis for ZARIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
967.6060 972.6919 957.6143 959.7647 -7.8413
Prev. Close Volume Bid Ask Time
967.6060 2021-10-22 16:50:00
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