Forex Trend Analysis Report
Prepared for you on Monday, March 27, 2023.
South African Rand/Indonesian Rupiah (FOREX:ZARIDR)
Strong Downtrend (-100) - ZARIDR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZARIDR continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ZARIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARIDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARIDR
The long-term trend has been DOWN since Feb 5th, 2023 at 851.9758
The intermediate-term trend has been DOWN since Mar 15th, 2023 at 824.1328
The short-term trend has been DOWN since Mar 27th, 2023 at 828.2321
Smart Scan Analysis for ZARIDR
Based on our trend formula, ZARIDR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).