Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
South African Rand/Saudi Arabian Riyal (FOREX:ZARSAR)
Long-Term Downtrend (-90) - ZARSAR is in a strong downtrend that is likely to continue. While ZARSAR 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 ZARSAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARSAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARSAR
The long-term trend has been DOWN since Oct 3rd, 2023 at 0.19427831
The intermediate-term trend has been DOWN since Nov 24th, 2023 at 0.19806308
The short-term trend has been DOWN since Nov 30th, 2023 at 0.19874220
Smart Scan Analysis for ZARSAR
Based on our trend formula, ZARSAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).