Forex Trend Analysis Report
Prepared for you on Saturday, August 13, 2022.
South African Rand/Malaysian Ringt (FOREX:ZARMYR)
Bull Market Weakness (+75) - ZARMYR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARMYR as it may be in the beginning stages 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 May 17th, 2022 at 0.26888166
The intermediate-term trend has been UP since Aug 10th, 2022 at 0.27101080
The short-term trend has been UP since Aug 8th, 2022 at 0.26820246
Smart Scan Analysis for ZARMYR
Based on our trend formula, ZARMYR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).