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Forex Trend Analysis Report

Prepared for you on Sunday, November 28, 2021.

South African Rand/Singapore Dollar (FOREX:ZARSGD)

Long-Term Downtrend (-90) - ZARSGD is in a strong downtrend that is likely to continue. While ZARSGD 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 ZARSGD?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARSGD.

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FOREX_ZARSGD
Open High Low ZARSGD Price Change
0.08419407 0.08503650 0.08419407 0.08499588 +0.00080200
Entry Signal

MarketClub’s Trade Triangles for ZARSGD

long term down The long-term trend has been DOWN since Jul 26th, 2021 at 0.09076833

intermediate term down The intermediate-term trend has been DOWN since Oct 27th, 2021 at 0.08983568

short term down The short-term trend has been DOWN since Nov 16th, 2021 at 0.08796591

Smart Scan Analysis for ZARSGD

Based on our trend formula, ZARSGD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ZARSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08419407 0.08503650 0.08419407 0.08499588 +0.00080200
Prev. Close Volume Bid Ask Time
0.08419407 2021-11-28 19:13:01
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