Forex Trend Analysis Report
Prepared for you on Wednesday, June 7, 2023.
South African Rand/Lesotho Loti (FOREX:ZARLSL)
Sidelines Mode (+55) - ZARLSL 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 ZARLSL?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARLSL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARLSL
The long-term trend has been DOWN since May 10th, 2023 at 0.9853696
The intermediate-term trend has been UP since May 14th, 2023 at 1.0075441
The short-term trend has been DOWN since Jun 6th, 2023 at 0.9969995
Smart Scan Analysis for ZARLSL
Based on our trend formula, ZARLSL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).