Forex Trend Analysis Report
Prepared for you on Thursday, July 9, 2020.
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 DOWN since Feb 27th, 2020 at 7.12470
The intermediate-term trend has been UP since May 19th, 2020 at 5.92035
The short-term trend has been UP since Jun 23rd, 2020 at 6.19885
Smart Scan Analysis for ZARJPY
Based on our trend formula, ZARJPY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).