Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
South African Rand/Malaysian Ringt (FOREX:ZARMYR)
Crossroads (+60) - ZARMYR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Feb 27th, 2020 at 0.27245667
The intermediate-term trend has been UP since May 20th, 2020 at 0.23979002
The short-term trend has been UP since May 18th, 2020 at 0.23694670
Smart Scan Analysis for ZARMYR
Based on our trend formula, ZARMYR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).