Forex Trend Analysis Report
Prepared for you on Monday, October 2, 2023.
South African Rand/Lebanese Pound (FOREX:ZARLBP)
Bear Market Rally (-75) - ZARLBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARLBP as it may be in the beginning of a reversal.
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 DOWN since Sep 11th, 2023 at 759.7434
The intermediate-term trend has been DOWN since Aug 2nd, 2023 at 836.8571
The short-term trend has been UP since Sep 12th, 2023 at 795.8458
Smart Scan Analysis for ZARLBP
Based on our trend formula, ZARLBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).