Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
South African Rand/ (FOREX:ZARCDF)
Bull Market Weakness (+75) - ZARCDF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARCDF as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZARCDF?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARCDF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARCDF
The long-term trend has been UP since Apr 18th, 2021 at 137.04682
The intermediate-term trend has been UP since Apr 1st, 2021 at 134.77924
The short-term trend has been UP since Mar 31st, 2021 at 132.73033
Smart Scan Analysis for ZARCDF
Based on our trend formula, ZARCDF is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).