Forex Trend Analysis Report
Prepared for you on Saturday, November 27, 2021.
South African Rand/ (FOREX:ZARMZN)
Strong Downtrend (-100) - ZARMZN 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 ZARMZN?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARMZN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARMZN
The long-term trend has been DOWN since Mar 9th, 2021 at 4.855
The intermediate-term trend has been DOWN since Oct 28th, 2021 at 4.235
The short-term trend has been DOWN since Oct 28th, 2021 at 4.235
Smart Scan Analysis for ZARMZN
Based on our trend formula, ZARMZN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).