Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
South African Rand/Saudi Arabian Riyal (FOREX:ZARSAR)
Bull Market Weakness (+75) - ZARSAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARSAR as it may be in the beginning stages of a reversal.
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 Jul 23rd, 2021 at 0.25289846
The intermediate-term trend has been UP since Oct 15th, 2021 at 0.25686360
The short-term trend has been UP since Oct 1st, 2021 at 0.25118679
Smart Scan Analysis for ZARSAR
Based on our trend formula, ZARSAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).