Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2023.
Strong Downtrend (-100) - ZMWEUR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZMWEUR continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ZMWEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZMWEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZMWEUR
The long-term trend has been DOWN since Sep 4th, 2023 at 0.04615338
The intermediate-term trend has been DOWN since Jul 23rd, 2023 at 0.05019356
The short-term trend has been DOWN since Oct 19th, 2023 at 0.04449014
Smart Scan Analysis for ZMWEUR
Based on our trend formula, ZMWEUR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).