Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
/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 UP since Jul 23rd, 2021 at 0.6721402
The intermediate-term trend has been DOWN since Oct 15th, 2021 at 0.8703546
The short-term trend has been UP since Oct 22nd, 2021 at 0.8670980
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).