Forex Trend Analysis Report
Prepared for you on Friday, June 5, 2020.
South African Rand/ (FOREX:ZARMGA)
Bull Market Weakness (+75) - ZARMGA is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARMGA as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZARMGA?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARMGA.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARMGA
The long-term trend has been DOWN since Jan 27th, 2020 at 128.3028
The intermediate-term trend has been UP since Apr 30th, 2020 at 211.5754
The short-term trend has been UP since Jun 2nd, 2020 at 220.2959
Smart Scan Analysis for ZARMGA
Based on our trend formula, ZARMGA is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).