Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
South African Rand/Argentine Peso (FOREX:ZARARS)
Countertrend Up (+85) - ZARARS 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 ZARARS?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARARS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARARS
The long-term trend has been UP since Jun 5th, 2020 at 4.0898728
The intermediate-term trend has been UP since Aug 24th, 2020 at 4.2968329
The short-term trend has been DOWN since Nov 30th, 2020 at 5.2829200
Smart Scan Analysis for ZARARS
Based on our trend formula, ZARARS is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).