Forex Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
South African Rand/Rwandan Franc (FOREX:ZARRWF)
Countertrend Down (-85) - ZARRWF 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 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.
MarketClub’s Trade Triangles for ZARRWF
The long-term trend has been DOWN since Aug 17th, 2021 at 67.91294
The intermediate-term trend has been DOWN since Sep 19th, 2021 at 69.47408
The short-term trend has been UP since Oct 12th, 2021 at 68.04443
Smart Scan Analysis for ZARRWF
Based on our trend formula, ZARRWF is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).