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Forex Trend Analysis Report
Prepared for you on Wednesday, February 26, 2020.
/South African Rand (FOREX:ZMWZAR)
Sidelines Mode (+55) - ZMWZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Nov 5th, 2019 at 1.0936823
The intermediate-term trend has been UP since Feb 19th, 2020 at 1.0275701
The short-term trend has been DOWN since Feb 26th, 2020 at 1.0241561
Smart Scan Analysis for ZMWZAR
Based on our trend formula, ZMWZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.0373005 | 1.0459614 | 1.0214169 | 1.0372785 | -0.0000220 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.0373005 | 1.0362617 | 1.0382953 | 2020-02-26 22:56:14 |