Forex Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
South African Rand/Polish New Zloty (FOREX:ZARPLN)
Sidelines Mode (+55) - ZARPLN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ZARPLN?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARPLN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARPLN
The long-term trend has been UP since Oct 22nd, 2020 at 0.237255
The intermediate-term trend has been UP since Feb 11th, 2021 at 0.252285
The short-term trend has been DOWN since Mar 8th, 2021 at 0.248690
Smart Scan Analysis for ZARPLN
Based on our trend formula, ZARPLN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).