Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
South African Rand/Saudi Arabian Riyal (FOREX:ZARSAR)
Sidelines Mode (+55) - ZARSAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Jul 23rd, 2021 at 0.25289846
The intermediate-term trend has been UP since Oct 15th, 2021 at 0.25686360
The short-term trend has been DOWN since Oct 22nd, 2021 at 0.25542381
Smart Scan Analysis for ZARSAR
Based on our trend formula, ZARSAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).