Forex Trend Analysis Report
Prepared for you on Tuesday, February 25, 2020.
South African Rand/ (FOREX:ZARMGA)
Long-Term Downtrend (-90) - ZARMGA is in a strong downtrend that is likely to continue. While ZARMGA is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ZARMGA?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARMGA.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARMGA
The long-term trend has been DOWN since Jan 27th, 2020 at 128.30280
The intermediate-term trend has been DOWN since Jan 20th, 2020 at 252.17786
The short-term trend has been DOWN since Feb 17th, 2020 at 246.75883
Smart Scan Analysis for ZARMGA
Based on our trend formula, ZARMGA is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).