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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/Special drawing rights (FOREX:ZARXDR)
Long-Term Uptrend (+90) - ZARXDR is in a strong uptrend that is likely to continue. While ZARXDR 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 ZARXDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARXDR.
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 ZARXDR
The long-term trend has been UP since Apr 8th, 2024 at 0.04036604
The intermediate-term trend has been UP since May 8th, 2024 at 0.04070175
The short-term trend has been UP since Apr 28th, 2024 at 0.03961617
Smart Scan Analysis for ZARXDR
Based on our trend formula, ZARXDR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.04073305 | 0.04073305 | 0.04073305 | 0.04073305 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.04073305 | 2024-05-08 21:02:50 |