Forex Trend Analysis Report
Prepared for you on Monday, June 21, 2021.
South African Rand/US Dollar (FOREX:ZARUSD)
Weak Downtrend (-65) - ZARUSD is showing signs of a strengthening downtrend. Monitor ZARUSD as it may be building momentum to the downside.
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 UP since Feb 14th, 2021 at 0.06894071
The intermediate-term trend has been DOWN since Jun 16th, 2021 at 0.07125000
The short-term trend has been DOWN since Jun 9th, 2021 at 0.07349267
Smart Scan Analysis for ZARUSD
Based on our trend formula, ZARUSD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).