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.
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 Jul 26th, 2021 at 0.09076833
The intermediate-term trend has been DOWN since Oct 27th, 2021 at 0.08983568
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).