Forex Trend Analysis Report
Prepared for you on Wednesday, October 28, 2020.
Long-Term Downtrend (-90) - ZMWEUR is in a strong downtrend that is likely to continue. While ZMWEUR is showing intraday strength, it remains in the confines of a bearish trend. 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 Jul 9th, 2020 at 0.04894313
The intermediate-term trend has been DOWN since Jul 9th, 2020 at 0.04894313
The short-term trend has been DOWN since Oct 13th, 2020 at 0.04222564
Smart Scan Analysis for ZMWEUR
Based on our trend formula, ZMWEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).