Forex Trend Analysis Report
Prepared for you on Monday, March 27, 2023.
South African Rand/US Dollar (FOREX:ZARUSD)
Sidelines Mode (+55) - ZARUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 Mar 7th, 2023 at 0.05400735
The intermediate-term trend has been UP since Mar 23rd, 2023 at 0.05545000
The short-term trend has been DOWN since Mar 27th, 2023 at 0.05467110
Smart Scan Analysis for ZARUSD
Based on our trend formula, ZARUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).