Forex Trend Analysis Report
Prepared for you on Wednesday, October 28, 2020.
South African Rand/Macau Pataca (FOREX:ZARMOP)
Countertrend Up (+85) - ZARMOP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid ZARMOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARMOP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARMOP
The long-term trend has been UP since Jun 26th, 2020 at 0.46129535
The intermediate-term trend has been UP since Oct 13th, 2020 at 0.48256260
The short-term trend has been UP since Aug 25th, 2020 at 0.45979198
Smart Scan Analysis for ZARMOP
Based on our trend formula, ZARMOP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).