Forex Trend Analysis Report
Prepared for you on Monday, May 16, 2022.
South African Rand/Swaziland Lilangeni (FOREX:ZARSZL)
Bull Market Weakness (+75) - ZARSZL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARSZL as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZARSZL?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARSZL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARSZL
The long-term trend has been UP since Mar 3rd, 2022 at 1.0021653
The intermediate-term trend has been UP since Apr 10th, 2022 at 1.0005772
The short-term trend has been UP since Apr 10th, 2022 at 1.0005772
Smart Scan Analysis for ZARSZL
Based on our trend formula, ZARSZL is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).