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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.

FOREX_ZARJPY
Open High Low ZARJPY Price Change
6.1442661 6.1462042 6.1442661 6.1442661 0.0000000
Entry Signal

MarketClub’s Trade Triangles for ZARJPY

long term down The long-term trend has been DOWN since Feb 27th, 2020 at 7.12470

intermediate term up The intermediate-term trend has been UP since May 19th, 2020 at 5.92035

short term down 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).

-55
Smart Scan Analysis for ZARJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.1442661 6.1462042 6.1442661 6.1442661 0.0000000
Prev. Close Volume Bid Ask Time
6.1442661 6.1434110 6.1451211 2020-05-30 18:49:02
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