Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
South African Rand/Lebanese Pound (FOREX:ZARLBP)
Countertrend Up (+85) - ZARLBP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid ZARLBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARLBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARLBP
The long-term trend has been UP since Feb 24th, 2021 at 104.34567
The intermediate-term trend has been UP since Oct 15th, 2021 at 103.00582
The short-term trend has been DOWN since Oct 24th, 2021 at 104.03871
Smart Scan Analysis for ZARLBP
Based on our trend formula, ZARLBP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).