Forex Trend Analysis Report
Prepared for you on Monday, August 8, 2022.
South African Rand/Jordanian Dinar (FOREX:ZARJOD)
Weak Downtrend (-65) - ZARJOD is showing signs of a strengthening downtrend. Monitor ZARJOD as it may be building momentum to the downside.
Is it time to buy, sell, or avoid ZARJOD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARJOD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARJOD
The long-term trend has been DOWN since May 2nd, 2022 at 0.04416369
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 0.04460366
The short-term trend has been UP since Aug 8th, 2022 at 0.04274123
Smart Scan Analysis for ZARJOD
Based on our trend formula, ZARJOD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).