Forex Trend Analysis Report
Prepared for you on Friday, March 24, 2023.
South African Rand/Polish New Zloty (FOREX:ZARPLN)
Countertrend Down (-85) - ZARPLN is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Jul 20th, 2022 at 0.27099
The intermediate-term trend has been DOWN since Jan 16th, 2023 at 0.25427
The short-term trend has been UP since Mar 24th, 2023 at 0.23918
Smart Scan Analysis for ZARPLN
Based on our trend formula, ZARPLN is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).