Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
South African Rand/ (FOREX:ZARZMW)
Weak Uptrend (+65) - ZARZMW is showing signs of weakening momentum to the upside. Monitor ZARZMW as it may be in the beginning stages of a reversal.
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 Feb 8th, 2021 at 1.4441662
The short-term trend has been DOWN since Feb 25th, 2021 at 1.4553515
Smart Scan Analysis for ZARZMW
Based on our trend formula, ZARZMW is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).