Forex Trend Analysis Report
Prepared for you on Thursday, June 4, 2020.
South African Rand/Viet Nam Dong (FOREX:ZARVND)
Countertrend Up (+85) - ZARVND 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 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 Apr 27th, 2020 at 1230.7962
The intermediate-term trend has been UP since Apr 27th, 2020 at 1230.7962
The short-term trend has been UP since May 19th, 2020 at 1266.2853
Smart Scan Analysis for ZARVND
Based on our trend formula, ZARVND is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).