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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
US Dollar/South African Rand (FOREX:USDZAR)
Countertrend Up (+85) - USDZAR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for USDZAR
The long-term trend has been UP since Feb 9th, 2024 at 33.50000
The intermediate-term trend has been UP since Apr 16th, 2024 at 19.10531
The short-term trend has been DOWN since Apr 25th, 2024 at 19.06935
Smart Scan Analysis for USDZAR
Based on our trend formula, USDZAR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 19.034860 | 19.095400 | 18.980650 | 19.073135 | +0.038275 |
| Prev. Close | Volume | Bid | Ask | Time |
| 19.034860 | 2024-04-26 03:27:52 |