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Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
South African Rand/Rwandan Franc (FOREX:ZARRWF)
Sidelines Mode (+50) - ZARRWF is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until ZARRWF can gain momentum.
Is it time to buy, sell, or avoid ZARRWF?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARRWF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ZARRWF
The long-term trend has been DOWN since Mar 5th, 2020 at 61.977227
The intermediate-term trend has been UP since May 20th, 2020 at 51.842575
The short-term trend has been UP since May 20th, 2020 at 51.469525
Smart Scan Analysis for ZARRWF
Based on our trend formula, ZARRWF is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 53.258151 | 54.462197 | 53.258151 | 54.462197 | +1.204046 |
| Prev. Close | Volume | Bid | Ask | Time |
| 54.071624 | 53.682279 | 55.242115 | 2020-05-21 21:08:21 |