Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
South African Rand/Singapore Dollar (FOREX:ZARSGD)
Countertrend Down (-85) - ZARSGD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid ZARSGD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARSGD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARSGD
The long-term trend has been DOWN since Oct 5th, 2023 at 0.07017558
The intermediate-term trend has been DOWN since Nov 21st, 2023 at 0.07215862
The short-term trend has been UP since Nov 27th, 2023 at 0.07159618
Smart Scan Analysis for ZARSGD
Based on our trend formula, ZARSGD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).