Forex Trend Analysis Report
Prepared for you on Sunday, February 23, 2020.
/South African Rand (FOREX:ZMWZAR)
Bull Market Weakness (+75) - ZMWZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZMWZAR as it may be in the beginning stages of a reversal.
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 Nov 5th, 2019 at 1.0936823
The intermediate-term trend has been UP since Feb 19th, 2020 at 1.0275701
The short-term trend has been UP since Feb 17th, 2020 at 1.0182012
Smart Scan Analysis for ZMWZAR
Based on our trend formula, ZMWZAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).