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Forex Trend Analysis Report

Prepared for you on Wednesday, April 1, 2020.

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, SHORTSYMBOL 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.

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FOREX_ZARSGD
Open High Low ZARSGD Price Change
0.07958198 0.08022419 0.07893950 0.07903330 -0.00054900
Entry Signal

MarketClub’s Trade Triangles for ZARSGD

long term down The long-term trend has been DOWN since Feb 27th, 2020 at 0.08954181

intermediate term down The intermediate-term trend has been DOWN since Jan 13th, 2020 at 0.09360123

short term down The short-term trend has been DOWN since Mar 27th, 2020 at 0.08165215

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).

-100
Smart Scan Analysis for ZARSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07958198 0.08022419 0.07893950 0.07903330 -0.00054900
Prev. Close Volume Bid Ask Time
0.07958198 0.07900392 0.07906267 2020-04-01 12:32:24
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