Forex Trend Analysis Report
Prepared for you on Saturday, April 1, 2023.
South African Rand/Singapore Dollar (FOREX:ZARSGD)
Bull Market Weakness (+75) - ZARSGD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARSGD as it may be in the beginning stages of a reversal.
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 May 2nd, 2022 at 0.08618930
The intermediate-term trend has been UP since Mar 29th, 2023 at 0.07450445
The short-term trend has been UP since Mar 29th, 2023 at 0.07347269
Smart Scan Analysis for ZARSGD
Based on our trend formula, ZARSGD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).