Forex Trend Analysis Report
Prepared for you on Tuesday, June 22, 2021.
South African Rand/Hong Kong Dollar (FOREX:ZARHKD)
Sidelines Mode (-55) - ZARHKD 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 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 UP since Jul 21st, 2020 at 0.47338962
The intermediate-term trend has been DOWN since Jun 16th, 2021 at 0.55356602
The short-term trend has been UP since Jun 16th, 2021 at 0.56723804
Smart Scan Analysis for ZARHKD
Based on our trend formula, ZARHKD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).