Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
South African Rand/Polish New Zloty (FOREX:ZARPLN)
Strong Downtrend (-100) - ZARPLN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZARPLN continues to fall. Traders should use caution and set stops.
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 DOWN since Nov 22nd, 2023 at 0.212230
The intermediate-term trend has been DOWN since Nov 16th, 2023 at 0.219520
The short-term trend has been DOWN since Nov 30th, 2023 at 0.210875
Smart Scan Analysis for ZARPLN
Based on our trend formula, ZARPLN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).