Forex Trend Analysis Report
Prepared for you on Friday, August 14, 2020.
South African Rand/Malaysian Ringt (FOREX:ZARMYR)
Sidelines Mode (+55) - ZARMYR 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 ZARMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARMYR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARMYR
The long-term trend has been UP since Jul 1st, 2020 at 0.25930105
The intermediate-term trend has been DOWN since Jul 31st, 2020 at 0.24878141
The short-term trend has been UP since Aug 11th, 2020 at 0.23956544
Smart Scan Analysis for ZARMYR
Based on our trend formula, ZARMYR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).