Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
South African Rand/Moroccan Dirham (FOREX:ZARMAD)
Countertrend Up (+85) - ZARMAD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Nov 10th, 2020 at 0.57476963
The intermediate-term trend has been UP since Mar 31st, 2021 at 0.61143958
The short-term trend has been UP since Apr 18th, 2021 at 0.62247828
Smart Scan Analysis for ZARMAD
Based on our trend formula, ZARMAD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).