Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
South African Rand/Viet Nam Dong (FOREX:ZARVND)
Sidelines Mode (+50) - ZARVND is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until ZARVND can gain momentum.
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 Jul 21st, 2021 at 1571.2570
The intermediate-term trend has been UP since Oct 17th, 2021 at 1541.1742
The short-term trend has been UP since Oct 4th, 2021 at 1511.0749
Smart Scan Analysis for ZARVND
Based on our trend formula, ZARVND is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).