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Forex Trend Analysis Report
Prepared for you on Sunday, December 5, 2021.
/South African Rand (FOREX:ZMWZAR)
Countertrend Up (+85) - ZMWZAR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid ZMWZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZMWZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ZMWZAR
The long-term trend has been UP since Jul 23rd, 2021 at 0.6721402
The intermediate-term trend has been UP since Nov 1st, 2021 at 0.8945626
The short-term trend has been DOWN since Nov 30th, 2021 at 0.9041618
Smart Scan Analysis for ZMWZAR
Based on our trend formula, ZMWZAR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9019557 | 0.9023265 | 0.9019557 | 0.9023265 | +0.0003710 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9019557 | 2021-12-04 05:18:41 |