Forex Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
South African Rand/Malaysian Ringt (FOREX:ZARMYR)
Bear Market Rally (-75) - ZARMYR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARMYR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid ZARMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARMYR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARMYR
The long-term trend has been DOWN since Aug 18th, 2021 at 0.28271169
The intermediate-term trend has been UP since Oct 17th, 2021 at 0.28427037
The short-term trend has been DOWN since Oct 22nd, 2021 at 0.28337750
Smart Scan Analysis for ZARMYR
Based on our trend formula, ZARMYR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).