Forex Trend Analysis Report
Prepared for you on Sunday, December 3, 2023.
/South African Rand (FOREX:ZMWZAR)
Strong Downtrend (-100) - ZMWZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZMWZAR continues to fall. Traders should use caution and set stops.
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 Sep 25th, 2023 at 0.8901194
The intermediate-term trend has been DOWN since Aug 28th, 2023 at 0.9353699
The short-term trend has been DOWN since Nov 27th, 2023 at 0.7972869
Smart Scan Analysis for ZMWZAR
Based on our trend formula, ZMWZAR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).