Forex Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
South African Rand/Swaziland Lilangeni (FOREX:ZARSZL)
Long-Term Downtrend (-90) - ZARSZL is in a strong downtrend that is likely to continue. While ZARSZL is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ZARSZL?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARSZL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARSZL
The long-term trend has been DOWN since Jun 13th, 2021 at 0.9956804
The intermediate-term trend has been DOWN since Nov 22nd, 2021 at 0.9997402
The short-term trend has been DOWN since Nov 29th, 2021 at 0.9992209
Smart Scan Analysis for ZARSZL
Based on our trend formula, ZARSZL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).