Forex Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
South African Rand/Moroccan Dirham (FOREX:ZARMAD)
Weak Downtrend (-65) - ZARMAD is showing signs of a strengthening downtrend. Monitor ZARMAD as it may be building momentum to the downside.
Is it time to buy, sell, or avoid ZARMAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARMAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARMAD
The long-term trend has been UP since Nov 10th, 2020 at 0.57476963
The intermediate-term trend has been DOWN since Mar 7th, 2021 at 0.59892697
The short-term trend has been DOWN since Mar 3rd, 2021 at 0.60711051
Smart Scan Analysis for ZARMAD
Based on our trend formula, ZARMAD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).