Forex Trend Analysis Report
Prepared for you on Wednesday, August 12, 2020.
South African Rand/United Arab Emirates Dirham (FOREX:ZARAED)
Sidelines Mode (+55) - ZARAED 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 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 Jul 21st, 2020 at 0.22435163
The intermediate-term trend has been DOWN since Aug 2nd, 2020 at 0.21481518
The short-term trend has been UP since Aug 11th, 2020 at 0.21016677
Smart Scan Analysis for ZARAED
Based on our trend formula, ZARAED is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).