Forex Trend Analysis Report
Prepared for you on Tuesday, May 26, 2020.
South African Rand/Hong Kong Dollar (FOREX:ZARHKD)
Bull Market Weakness (+75) - ZARHKD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARHKD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZARHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARHKD
The long-term trend has been DOWN since Feb 7th, 2020 at 0.51650303
The intermediate-term trend has been UP since May 20th, 2020 at 0.43021978
The short-term trend has been UP since May 18th, 2020 at 0.42250030
Smart Scan Analysis for ZARHKD
Based on our trend formula, ZARHKD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).