Forex Trend Analysis Report
Prepared for you on Saturday, October 16, 2021.
South African Rand/Bulgarian Lev (FOREX:ZARBGN)
Bull Market Weakness (+75) - ZARBGN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARBGN as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZARBGN?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARBGN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARBGN
The long-term trend has been DOWN since Jul 23rd, 2021 at 0.11202491
The intermediate-term trend has been UP since Oct 15th, 2021 at 0.11430176
The short-term trend has been UP since Sep 30th, 2021 at 0.11200879
Smart Scan Analysis for ZARBGN
Based on our trend formula, ZARBGN is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).