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.
MarketClub’s Trade Triangles for ZARZMW
The long-term trend has been UP since Apr 7th, 2020 at 1.0275078
The intermediate-term trend has been UP since May 27th, 2020 at 1.0344827
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).