Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
/South African Rand (FOREX:ZMWZAR)
Bear Market Rally (-75) - ZMWZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZMWZAR as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for ZMWZAR
The long-term trend has been DOWN since Apr 7th, 2020 at 0.9657233
The intermediate-term trend has been UP since Apr 22nd, 2020 at 1.0411438
The short-term trend has been DOWN since May 18th, 2020 at 0.9984390
Smart Scan Analysis for ZMWZAR
Based on our trend formula, ZMWZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).