Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
South African Rand/Macau Pataca (FOREX:ZARMOP)
Bear Market Rally (-75) - ZARMOP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARMOP as it may be in the beginning of a reversal.
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 DOWN since Jul 21st, 2021 at 0.54623407
The intermediate-term trend has been DOWN since Sep 22nd, 2021 at 0.54901536
The short-term trend has been UP since Oct 14th, 2021 at 0.53649035
Smart Scan Analysis for ZARMOP
Based on our trend formula, ZARMOP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).