Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
South African Rand/Viet Nam Dong (FOREX:ZARVND)
Bull Market Weakness (+75) - ZARVND is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARVND as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZARVND?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARVND.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARVND
The long-term trend has been UP since Nov 1st, 2023 at 1320.5995
The intermediate-term trend has been DOWN since Nov 21st, 2023 at 1296.7399
The short-term trend has been UP since Nov 27th, 2023 at 1292.4588
Smart Scan Analysis for ZARVND
Based on our trend formula, ZARVND is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).