Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
South African Rand/Viet Nam Dong (FOREX:ZARVND)
Weak Downtrend (-65) - ZARVND is showing signs of a strengthening downtrend. Monitor ZARVND as it may be building momentum to the downside.
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 Feb 6th, 2023 at 1332.9418
The intermediate-term trend has been DOWN since Jan 19th, 2023 at 1360.4196
The short-term trend has been UP since Mar 29th, 2023 at 1294.2764
Smart Scan Analysis for ZARVND
Based on our trend formula, ZARVND is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).