Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
/US Dollar (FOREX:ZMWUSD)
Strong Downtrend (-100) - ZMWUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZMWUSD continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ZMWUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZMWUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZMWUSD
The long-term trend has been DOWN since Sep 4th, 2023 at 0.04970937
The intermediate-term trend has been DOWN since Jul 23rd, 2023 at 0.05463770
The short-term trend has been DOWN since Oct 13th, 2023 at 0.04766652
Smart Scan Analysis for ZMWUSD
Based on our trend formula, ZMWUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).