Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
South African Rand/Japanese Yen (FOREX:ZARJPY)
Sidelines Mode (-55) - ZARJPY 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 ZARJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARJPY
The long-term trend has been DOWN since Feb 27th, 2020 at 7.12470
The intermediate-term trend has been UP since May 19th, 2020 at 5.92035
The short-term trend has been DOWN since May 29th, 2020 at 6.12920
Smart Scan Analysis for ZARJPY
Based on our trend formula, ZARJPY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).