Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
South African Rand/Japanese Yen (FOREX:ZARJPY)
Bull Market Weakness (+75) - ZARJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARJPY as it may be in the beginning stages of a reversal.
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 Oct 15th, 2021 at 7.82320
The intermediate-term trend has been UP since Oct 11th, 2021 at 7.54775
The short-term trend has been DOWN since Oct 22nd, 2021 at 7.74540
Smart Scan Analysis for ZARJPY
Based on our trend formula, ZARJPY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).