Forex Trend Analysis Report
Prepared for you on Monday, January 24, 2022.
South African Rand/United Arab Emirates Dirham (FOREX:ZARAED)
Crossroads (+60) - ZARAED 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 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 DOWN since Jul 23rd, 2021 at 0.24741960
The intermediate-term trend has been UP since Dec 23rd, 2021 at 0.23439303
The short-term trend has been UP since Jan 19th, 2022 at 0.23944855
Smart Scan Analysis for ZARAED
Based on our trend formula, ZARAED is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).