Forex Trend Analysis Report
Prepared for you on Wednesday, August 10, 2022.
South African Rand/Saudi Arabian Riyal (FOREX:ZARSAR)
Weak Downtrend (-65) - ZARSAR is showing signs of a strengthening downtrend. Monitor ZARSAR as it may be building momentum to the downside.
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 Apr 28th, 2022 at 0.2338017
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 0.2360023
The short-term trend has been UP since Aug 8th, 2022 at 0.2262717
Smart Scan Analysis for ZARSAR
Based on our trend formula, ZARSAR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).