Forex Trend Analysis Report
Prepared for you on Friday, November 27, 2020.
South African Rand/Colombian Peso (FOREX:ZARCOP)
Sidelines Mode (+55) - ZARCOP 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 ZARCOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARCOP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARCOP
The long-term trend has been UP since Jul 27th, 2020 at 222.21774
The intermediate-term trend has been UP since Aug 25th, 2020 at 220.95610
The short-term trend has been DOWN since Nov 27th, 2020 at 237.38156
Smart Scan Analysis for ZARCOP
Based on our trend formula, ZARCOP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).