Forex Trend Analysis Report
Prepared for you on Monday, January 24, 2022.
South African Rand/US Dollar (FOREX:ZARUSD)
Crossroads (+60) - ZARUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ZARUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARUSD
The long-term trend has been DOWN since Jul 23rd, 2021 at 0.06736236
The intermediate-term trend has been UP since Dec 23rd, 2021 at 0.06381581
The short-term trend has been UP since Jan 19th, 2022 at 0.06520000
Smart Scan Analysis for ZARUSD
Based on our trend formula, ZARUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).