Forex Trend Analysis Report
Prepared for you on Thursday, September 21, 2023.
South African Rand/Moroccan Dirham (FOREX:ZARMAD)
Crossroads (-60) - ZARMAD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since Jul 15th, 2022 at 0.62443990
The intermediate-term trend has been UP since Aug 28th, 2023 at 0.53866272
The short-term trend has been UP since Sep 16th, 2023 at 0.53891152
Smart Scan Analysis for ZARMAD
Based on our trend formula, ZARMAD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).