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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.

FOREX_ZARMGA
Open High Low ZARMGA Price Change
222.53069 225.98552 221.46957 222.55389 +0.02320
Entry Signal

MarketClub’s Trade Triangles for ZARMGA

long term down The long-term trend has been DOWN since Jan 27th, 2020 at 128.3028

intermediate term up The intermediate-term trend has been UP since Apr 30th, 2020 at 211.5754

short term up 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).

+70
Smart Scan Analysis for ZARMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
222.53069 225.98552 221.46957 222.55389 +0.02320
Prev. Close Volume Bid Ask Time
222.53069 221.89349 223.21429 2020-06-05 20:10:59
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