Future Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
US $/SOUTH AFRICAN RAND DECEMBER 2021 (ICE:@ZR.Z21)
Crossroads (-60) - @ZR.Z21 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.Z21?
MarketClub looks at technical strength and momentum to determine if the timing is right for @ZR.Z21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @ZR.Z21
The long-term trend has been UP since Jul 23rd, 2021 at 15.1115
The intermediate-term trend has been DOWN since Oct 14th, 2021 at 14.9025
The short-term trend has been DOWN since Oct 13th, 2021 at 15.0545
Smart Scan Analysis for @ZR.Z21
Based on our trend formula, @ZR.Z21 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||15.3275||52wk High Date||2021-09-30|
|52wk Low||14.315||52wk Low Date||2021-09-10|