Forex Trend Analysis Report
Prepared for you on Friday, March 24, 2023.
South African Rand/Algerian Dinar (FOREX:ZARDZD)
Sidelines Mode (-55) - ZARDZD 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 ZARDZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARDZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARDZD
The long-term trend has been DOWN since May 2nd, 2022 at 9.014765
The intermediate-term trend has been DOWN since Jan 17th, 2023 at 7.937283
The short-term trend has been UP since Mar 22nd, 2023 at 7.400038
Smart Scan Analysis for ZARDZD
Based on our trend formula, ZARDZD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).