Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
South African Rand/US Dollar (FOREX:ZARUSD)
Long-Term Downtrend (-90) - ZARUSD is in a strong downtrend that is likely to continue. While ZARUSD 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 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 Apr 28th, 2022 at 0.06208774
The intermediate-term trend has been DOWN since Aug 19th, 2022 at 0.05888593
The short-term trend has been DOWN since Aug 15th, 2022 at 0.06131815
Smart Scan Analysis for ZARUSD
Based on our trend formula, ZARUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).