Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
South African Rand/US Dollar (FOREX:ZARUSD)
Bear Market Rally (-75) - ZARUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARUSD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid ZARUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARUSD
The long-term trend has been DOWN since Jul 23rd, 2021 at 0.06736236
The intermediate-term trend has been UP since Oct 15th, 2021 at 0.06860664
The short-term trend has been DOWN since Oct 22nd, 2021 at 0.06802981
Smart Scan Analysis for ZARUSD
Based on our trend formula, ZARUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).