Forex Trend Analysis Report
Prepared for you on Thursday, February 20, 2020.
South African Rand/Moroccan Dirham (FOREX:ZARMAD)
Strong Downtrend (-100) - ZARMAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ZARMAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARMAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARMAD
The long-term trend has been DOWN since Feb 3rd, 2020 at 0.64762778
The intermediate-term trend has been DOWN since Jan 12th, 2020 at 0.67131610
The short-term trend has been DOWN since Feb 10th, 2020 at 0.64592411
Smart Scan Analysis for ZARMAD
Based on our trend formula, ZARMAD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).