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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/ (FOREX:ZARCDF)
Long-Term Uptrend (+90) - ZARCDF is in a strong uptrend that is likely to continue. While ZARCDF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid ZARCDF?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARCDF.
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 ZARCDF
The long-term trend has been UP since Apr 26th, 2023 at 121.24205
The intermediate-term trend has been UP since May 5th, 2024 at 149.35650
The short-term trend has been UP since Apr 25th, 2024 at 145.12718
Smart Scan Analysis for ZARCDF
Based on our trend formula, ZARCDF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 149.8936 | 149.8936 | 149.8936 | 149.8936 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 149.8936 | 2024-05-08 21:02:50 |