Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
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 UP since Nov 3rd, 2020 at 6.5112812
The intermediate-term trend has been UP since Feb 1st, 2021 at 7.0058500
The short-term trend has been DOWN since Feb 25th, 2021 at 7.0740500
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).