Future Trend Analysis Report
Prepared for you on Monday, November 30, 2020.
US $/SOUTH AFRICAN RAND DECEMBER 2020 (ICE:@ZR.Z20)
Countertrend Down (-85) - @ZR.Z20 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid @ZR.Z20?
MarketClub looks at technical strength and momentum to determine if the timing is right for @ZR.Z20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @ZR.Z20
The long-term trend has been DOWN since Jul 21st, 2020 at 16.80675
The intermediate-term trend has been DOWN since Oct 21st, 2020 at 16.54250
The short-term trend has been UP since Nov 19th, 2020 at 15.46800
Smart Scan Analysis for @ZR.Z20
Based on our trend formula, @ZR.Z20 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||17.26||52wk High Date||2020-09-24|
|52wk Low||15.19||52wk Low Date||2020-11-25|