Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
South African Rand/Japanese Yen (FOREX:ZARJPY)
Strong Downtrend (-100) - ZARJPY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZARJPY continues to fall. Traders should use caution and set stops.
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 Dec 3rd, 2023 at 7.590600
The intermediate-term trend has been DOWN since Nov 24th, 2023 at 7.892321
The short-term trend has been DOWN since Nov 29th, 2023 at 7.898350
Smart Scan Analysis for ZARJPY
Based on our trend formula, ZARJPY is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).