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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/Canadian Dollar (FOREX:ZARCAD)
Bull Market Weakness (+75) - ZARCAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARCAD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZARCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARCAD.
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 ZARCAD
The long-term trend has been UP since Apr 5th, 2024 at 0.0727475
The intermediate-term trend has been UP since May 1st, 2024 at 0.0736105
The short-term trend has been DOWN since May 8th, 2024 at 0.0737535
Smart Scan Analysis for ZARCAD
Based on our trend formula, ZARCAD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.0738895 | 0.0739305 | 0.0737985 | 0.0738565 | -0.0000330 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.0738895 | 2024-05-09 02:57:10 |