Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
South African Rand/Bahraini Dinar (FOREX:ZARBHD)
Countertrend Down (-85) - ZARBHD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid ZARBHD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARBHD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARBHD
The long-term trend has been DOWN since Oct 3rd, 2023 at 0.01954313
The intermediate-term trend has been DOWN since Nov 24th, 2023 at 0.01990750
The short-term trend has been UP since Nov 27th, 2023 at 0.02023110
Smart Scan Analysis for ZARBHD
Based on our trend formula, ZARBHD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).