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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

US Dollar/South African Rand (FOREX:USDZAR)

Bull Market Weakness (+75) - USDZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDZAR as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid USDZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDZAR
Open High Low USDZAR Price Change
18.91660 19.10531 18.89625 18.94272 +0.02612
Entry Signal

MarketClub’s Trade Triangles for USDZAR

long term up The long-term trend has been UP since Feb 9th, 2024 at 33.5000

intermediate term down The intermediate-term trend has been DOWN since Mar 7th, 2024 at 18.6784

short term up The short-term trend has been UP since Mar 28th, 2024 at 18.9678

Smart Scan Analysis for USDZAR

Based on our trend formula, USDZAR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for USDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.91660 19.10531 18.89625 18.94272 +0.02612
Prev. Close Volume Bid Ask Time
18.91660 2024-03-28 21:42:10
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