Forex Trend Analysis Report
Prepared for you on Wednesday, May 27, 2020.
South African Rand/Saudi Arabian Riyal (FOREX:ZARSAR)
Strong Uptrend (+100) - ZARSAR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, ZARSAR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Apr 27th, 2020 at 0.19942405
The intermediate-term trend has been UP since Apr 27th, 2020 at 0.19942405
The short-term trend has been UP since May 18th, 2020 at 0.20456775
Smart Scan Analysis for ZARSAR
Based on our trend formula, ZARSAR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).