Forex Trend Analysis Report
Prepared for you on Saturday, May 28, 2022.
South African Rand/ (FOREX:ZARBTN)
Sidelines Mode (+50) - ZARBTN is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until ZARBTN can gain momentum.
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 DOWN since May 2nd, 2022 at 4.8774750
The intermediate-term trend has been UP since Jan 19th, 2022 at 4.8306672
The short-term trend has been UP since May 25th, 2022 at 4.8964805
Smart Scan Analysis for ZARBTN
Based on our trend formula, ZARBTN is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).