Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
South African Rand/Japanese Yen (FOREX:ZARJPY)
Sidelines Mode (+55) - ZARJPY 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 ZARJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARJPY
The long-term trend has been UP since Feb 9th, 2022 at 7.60325
The intermediate-term trend has been DOWN since Jul 1st, 2022 at 8.19605
The short-term trend has been UP since Jul 5th, 2022 at 8.37155
Smart Scan Analysis for ZARJPY
Based on our trend formula, ZARJPY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).