Forex Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
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 26th, 2021 at 0.61327543
The intermediate-term trend has been UP since Oct 15th, 2021 at 0.60771173
The short-term trend has been UP since Oct 3rd, 2021 at 0.60553861
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).