Future Trend Analysis Report
Prepared for you on Thursday, January 27, 2022.
US $/SOUTH AFRICAN RAND MARCH 2022 (ICE:@ZR.H22)
Crossroads (-60) - @ZR.H22 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid @ZR.H22?
MarketClub looks at technical strength and momentum to determine if the timing is right for @ZR.H22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @ZR.H22
The long-term trend has been UP since Jul 23rd, 2021 at 15.28475
The intermediate-term trend has been DOWN since Dec 23rd, 2021 at 15.94250
The short-term trend has been DOWN since Jan 6th, 2022 at 16.02000
Smart Scan Analysis for @ZR.H22
Based on our trend formula, @ZR.H22 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||16.4175||52wk High Date||2021-12-15|
|52wk Low||15.2025||52wk Low Date||2022-01-21|