Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
South African Rand/Viet Nam Dong (FOREX:ZARVND)
Countertrend Down (-85) - ZARVND is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since May 2nd, 2022 at 1433.0265
The intermediate-term trend has been DOWN since Jun 12th, 2022 at 1463.9177
The short-term trend has been UP since Jul 5th, 2022 at 1432.4058
Smart Scan Analysis for ZARVND
Based on our trend formula, ZARVND is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).