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Forex Trend Analysis Report

Prepared for you on Sunday, March 7, 2021.

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.

FOREX_ZARJPY
Open High Low ZARJPY Price Change
7.055337 7.055337 7.055337 7.055337 0.000000
Entry Signal

MarketClub’s Trade Triangles for ZARJPY

long term up The long-term trend has been UP since Nov 3rd, 2020 at 6.5112812

intermediate term up The intermediate-term trend has been UP since Feb 1st, 2021 at 7.0058500

short term down The short-term trend has been DOWN since Mar 4th, 2021 at 7.0538000

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).

+55
Smart Scan Analysis for ZARJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.055337 7.055337 7.055337 7.055337 0.000000
Prev. Close Volume Bid Ask Time
7.055337 2021-03-07 00:02:18
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