Forex Trend Analysis Report
Prepared for you on Friday, June 5, 2020.
South African Rand/Qatari Rial (FOREX:ZARQAR)
Countertrend Up (+85) - ZARQAR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid ZARQAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARQAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARQAR
The long-term trend has been UP since May 4th, 2020 at 0.19350889
The intermediate-term trend has been UP since May 4th, 2020 at 0.19350889
The short-term trend has been UP since May 19th, 2020 at 0.19793187
Smart Scan Analysis for ZARQAR
Based on our trend formula, ZARQAR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).