Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
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 Oct 3rd, 2023 at 0.19427831
The intermediate-term trend has been DOWN since Nov 24th, 2023 at 0.19806308
The short-term trend has been UP since Nov 27th, 2023 at 0.20134687
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).