Future Trend Analysis Report
Prepared for you on Friday, May 20, 2022.
US $/SOUTH AFRICAN RAND JUNE 2022 (ICE:@ZR.M22)
Sidelines Mode (+55) - @ZR.M22 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 @ZR.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for @ZR.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @ZR.M22
The long-term trend has been UP since May 2nd, 2022 at 16.1095
The intermediate-term trend has been UP since Apr 19th, 2022 at 14.8725
The short-term trend has been DOWN since May 13th, 2022 at 16.1160
Smart Scan Analysis for @ZR.M22
Based on our trend formula, @ZR.M22 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||16.305||52wk High Date||2022-05-12|
|52wk Low||14.6475||52wk Low Date||2022-03-30|