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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

US Dollar/South African Rand (FOREX:USDZAR)

Weak Uptrend (+65) - USDZAR is showing signs of weakening momentum to the upside. Monitor 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
18.979500 19.031620 18.952425 18.972630 -0.006870
Entry Signal

MarketClub’s Trade Triangles for USDZAR

long term up The long-term trend has been UP since Feb 9th, 2024 at 33.50000

intermediate term down The intermediate-term trend has been DOWN since Mar 7th, 2024 at 18.67840

short term up The short-term trend has been UP since Mar 15th, 2024 at 18.79458

Smart Scan Analysis for USDZAR

Based on our trend formula, USDZAR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for USDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.979500 19.031620 18.952425 18.972630 -0.006870
Prev. Close Volume Bid Ask Time
18.979500 2024-03-19 06:36:41
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