Future Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
US $/SOUTH AFRICAN RAND SEPTEMBER 2023 (ICE:@ZR.U23)
Bear Market Rally (-75) - @ZR.U23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on @ZR.U23 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid @ZR.U23?
MarketClub looks at technical strength and momentum to determine if the timing is right for @ZR.U23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @ZR.U23
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for @ZR.U23
Based on our trend formula, @ZR.U23 is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).