Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
South African Rand/Singapore Dollar (FOREX:ZARSGD)
Strong Downtrend (-100) - ZARSGD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZARSGD continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ZARSGD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARSGD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARSGD
The long-term trend has been DOWN since Oct 5th, 2023 at 0.07017558
The intermediate-term trend has been DOWN since Nov 21st, 2023 at 0.07215862
The short-term trend has been DOWN since Nov 30th, 2023 at 0.07088132
Smart Scan Analysis for ZARSGD
Based on our trend formula, ZARSGD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).