Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
South African Rand/Jordanian Dinar (FOREX:ZARJOD)
Bear Market Rally (-75) - ZARJOD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARJOD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid ZARJOD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARJOD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARJOD
The long-term trend has been DOWN since Oct 3rd, 2023 at 0.03676158
The intermediate-term trend has been UP since Oct 18th, 2023 at 0.03785834
The short-term trend has been DOWN since Nov 30th, 2023 at 0.03773741
Smart Scan Analysis for ZARJOD
Based on our trend formula, ZARJOD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).