Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
South African Rand/ (FOREX:ZARZMW)
Sidelines Mode (+55) - ZARZMW is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ZARZMW?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARZMW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARZMW
The long-term trend has been DOWN since Jul 23rd, 2021 at 1.4895767
The intermediate-term trend has been UP since Oct 11th, 2021 at 1.1477360
The short-term trend has been DOWN since Oct 24th, 2021 at 1.1522445
Smart Scan Analysis for ZARZMW
Based on our trend formula, ZARZMW is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).