Forex Trend Analysis Report
Prepared for you on Wednesday, September 27, 2023.
South African Rand/Cambodian Riel (FOREX:ZARKHR)
Sidelines Mode (-55) - ZARKHR 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 ZARKHR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARKHR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARKHR
The long-term trend has been UP since Jul 20th, 2023 at 226.56666
The intermediate-term trend has been DOWN since Aug 1st, 2023 at 229.23351
The short-term trend has been UP since Sep 22nd, 2023 at 218.92392
Smart Scan Analysis for ZARKHR
Based on our trend formula, ZARKHR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).