Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
South African Rand/Singapore Dollar (FOREX:ZARSGD)
Crossroads (-60) - ZARSGD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 UP since Jul 21st, 2020 at 0.08444335
The intermediate-term trend has been DOWN since Jul 31st, 2020 at 0.08113748
The short-term trend has been DOWN since Jul 24th, 2020 at 0.08304638
Smart Scan Analysis for ZARSGD
Based on our trend formula, ZARSGD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).