Forex Trend Analysis Report
Prepared for you on Wednesday, April 8, 2020.
South African Rand/ (FOREX:ZARZMW)
Strong Uptrend (+100) - ZARZMW is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, ZARZMW continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid ZARZMW?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARZMW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARZMW
The long-term trend has been UP since Apr 7th, 2020 at 1.0275078
The intermediate-term trend has been UP since Mar 24th, 2020 at 1.0093198
The short-term trend has been UP since Apr 6th, 2020 at 1.0147312
Smart Scan Analysis for ZARZMW
Based on our trend formula, ZARZMW is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).