Free Daily Analysis

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.

FOREX_ZARSGD
Open High Low ZARSGD Price Change
0.07998032 0.08032556 0.07855448 0.07907643 -0.00090400
Entry Signal

MarketClub’s Trade Triangles for ZARSGD

long term up The long-term trend has been UP since Jul 21st, 2020 at 0.08444335

intermediate term down The intermediate-term trend has been DOWN since Jul 31st, 2020 at 0.08113748

short term down 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).

-60
Smart Scan Analysis for ZARSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07998032 0.08032556 0.07855448 0.07907643 -0.00090400
Prev. Close Volume Bid Ask Time
0.07998032 0.07907301 0.07907984 2020-08-04 21:01:34
Get a free daily analysis and signals for South African Rand/Singapore Dollar (ZARSGD) - Request Your Free Report.