Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
South African Rand/Saudi Arabian Riyal (FOREX:ZARSAR)
Bull Market Weakness (+75) - ZARSAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARSAR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZARSAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARSAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARSAR
The long-term trend has been DOWN since Feb 24th, 2023 at 0.20310397
The intermediate-term trend has been UP since Mar 23rd, 2023 at 0.20771147
The short-term trend has been UP since Mar 22nd, 2023 at 0.20552916
Smart Scan Analysis for ZARSAR
Based on our trend formula, ZARSAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).