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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

South African Rand/Moroccan Dirham (FOREX:ZARMAD)

Bull Market Weakness (+75) - ZARMAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARMAD as it may be in the beginning stages of a reversal.

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.

FOREX_ZARMAD
Open High Low ZARMAD Price Change
0.54736725 0.55973689 0.54736725 0.55973689 +0.01237000
Entry Signal

MarketClub’s Trade Triangles for ZARMAD

long term down The long-term trend has been DOWN since Feb 3rd, 2020 at 0.64762778

intermediate term up The intermediate-term trend has been UP since May 20th, 2020 at 0.53938006

short term up The short-term trend has been UP since May 18th, 2020 at 0.53456955

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).

+70
Smart Scan Analysis for ZARMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.54736725 0.55973689 0.54736725 0.55973689 +0.01237000
Prev. Close Volume Bid Ask Time
0.56196827 0.54205891 0.57741487 2020-05-21 21:08:17
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