Forex Trend Analysis Report
Prepared for you on Thursday, July 2, 2020.
South African Rand/Saudi Arabian Riyal (FOREX:ZARSAR)
Long-Term Uptrend (+90) - ZARSAR is in a strong uptrend that is likely to continue. While ZARSAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Apr 27th, 2020 at 0.19942405
The intermediate-term trend has been UP since Apr 27th, 2020 at 0.19942405
The short-term trend has been UP since Jul 1st, 2020 at 0.21896858
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).