Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
South African Rand/US Dollar (FOREX:ZARUSD)
Countertrend Up (+85) - ZARUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Feb 14th, 2021 at 0.06894071
The intermediate-term trend has been UP since Feb 9th, 2021 at 0.06772071
The short-term trend has been DOWN since Feb 25th, 2021 at 0.06700700
Smart Scan Analysis for ZARUSD
Based on our trend formula, ZARUSD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).