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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Canadian Dollar/South African Rand (FOREX:CADZAR)
Bear Market Rally (-75) - CADZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CADZAR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid CADZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CADZAR
The long-term trend has been DOWN since Apr 5th, 2024 at 13.745792
The intermediate-term trend has been DOWN since Apr 30th, 2024 at 13.581665
The short-term trend has been UP since May 8th, 2024 at 13.560263
Smart Scan Analysis for CADZAR
Based on our trend formula, CADZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 13.533818 | 13.551159 | 13.480299 | 13.507339 | -0.026479 |
| Prev. Close | Volume | Bid | Ask | Time |
| 13.533818 | 2024-05-09 08:28:25 |