Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, June 5, 2020.

South African Rand/ (FOREX:ZARZMW)

Long-Term Uptrend (+90) - ZARZMW is in a strong uptrend that is likely to continue. While ZARZMW is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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.

FOREX_ZARZMW
Open High Low ZARZMW Price Change
1.0588095 1.0909331 1.0580337 1.0851483 +0.0263390
Entry Signal

MarketClub’s Trade Triangles for ZARZMW

long term up The long-term trend has been UP since Apr 7th, 2020 at 1.0275078

intermediate term up The intermediate-term trend has been UP since May 27th, 2020 at 1.0344827

short term up The short-term trend has been UP since May 28th, 2020 at 1.0352489

Smart Scan Analysis for ZARZMW

Based on our trend formula, ZARZMW is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for ZARZMW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0588095 1.0909331 1.0580337 1.0851483 +0.0263390
Prev. Close Volume Bid Ask Time
1.0588095 1.0848634 1.0854331 2020-06-05 17:05:35
Get a free daily analysis and signals for South African Rand/ (ZARZMW) - Request Your Free Report.