Forex Trend Analysis Report
Prepared for you on Sunday, May 16, 2021.
South African Rand/United Arab Emirates Dirham (FOREX:ZARAED)
Countertrend Up (+85) - ZARAED is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid ZARAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARAED.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARAED
The long-term trend has been UP since Apr 14th, 2021 at 0.25510700
The intermediate-term trend has been UP since Apr 1st, 2021 at 0.25158808
The short-term trend has been DOWN since May 12th, 2021 at 0.26065452
Smart Scan Analysis for ZARAED
Based on our trend formula, ZARAED is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).