Forex Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
South African Rand/US Dollar (FOREX:ZARUSD)
Crossroads (-60) - ZARUSD 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 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 UP since Jul 20th, 2023 at 0.05746794
The intermediate-term trend has been DOWN since Sep 6th, 2023 at 0.05182703
The short-term trend has been DOWN since Sep 26th, 2023 at 0.05276084
Smart Scan Analysis for ZARUSD
Based on our trend formula, ZARUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).