Forex Trend Analysis Report
Prepared for you on Sunday, August 9, 2020.
South African Rand/ (FOREX:ZARBTN)
Sidelines Mode (+55) - ZARBTN 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 ZARBTN?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARBTN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARBTN
The long-term trend has been UP since Apr 30th, 2020 at 4.0481813
The intermediate-term trend has been UP since Jul 9th, 2020 at 4.4246349
The short-term trend has been DOWN since Jul 29th, 2020 at 4.5017895
Smart Scan Analysis for ZARBTN
Based on our trend formula, ZARBTN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).