Forex Trend Analysis Report
Prepared for you on Tuesday, September 21, 2021.
South African Rand/Egyptian Pound (FOREX:ZAREGP)
Strong Downtrend (-100) - ZAREGP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ZAREGP?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZAREGP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZAREGP
The long-term trend has been DOWN since Jul 23rd, 2021 at 1.0579250
The intermediate-term trend has been DOWN since Sep 19th, 2021 at 1.0623718
The short-term trend has been DOWN since Sep 14th, 2021 at 1.1014643
Smart Scan Analysis for ZAREGP
Based on our trend formula, ZAREGP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).