Future Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
US $/SOUTH AFRICAN RAND JUNE 2020 (ICE:@ZR.M20)
Long-Term Uptrend (+90) - @ZR.M20 is in a strong uptrend that is likely to continue. While @ZR.M20 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid @ZR.M20?
MarketClub looks at technical strength and momentum to determine if the timing is right for @ZR.M20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @ZR.M20
The long-term trend has been UP since Feb 24th, 2020 at 15.37875
The intermediate-term trend has been UP since Jan 13th, 2020 at 14.67900
The short-term trend has been UP since Mar 30th, 2020 at 17.72000
Smart Scan Analysis for @ZR.M20
Based on our trend formula, @ZR.M20 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||19.4||52wk High Date||2020-04-06|
|52wk Low||15.5||52wk Low Date||2020-02-26|