Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
South African Rand/Polish New Zloty (FOREX:ZARPLN)
Bear Market Rally (-75) - ZARPLN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARPLN as it may be in the beginning of a reversal.
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 Feb 28th, 2020 at 0.25183
The intermediate-term trend has been DOWN since Jan 7th, 2020 at 0.26385
The short-term trend has been UP since Apr 7th, 2020 at 0.22776
Smart Scan Analysis for ZARPLN
Based on our trend formula, ZARPLN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).