Forex Trend Analysis Report
Prepared for you on Friday, August 14, 2020.
/South African Rand (FOREX:ZMWZAR)
Sidelines Mode (+55) - ZMWZAR 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 ZMWZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZMWZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZMWZAR
The long-term trend has been DOWN since Apr 7th, 2020 at 0.9657233
The intermediate-term trend has been UP since Aug 3rd, 2020 at 0.9400298
The short-term trend has been DOWN since Aug 11th, 2020 at 0.9483982
Smart Scan Analysis for ZMWZAR
Based on our trend formula, ZMWZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).