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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

South African Rand/ (FOREX:ZARCDF)

Sidelines Mode (+55) - ZARCDF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_ZARCDF
Open High Low ZARCDF Price Change
146.59923 146.59923 146.59923 146.59923 0.00000
Entry Signal

MarketClub’s Trade Triangles for ZARCDF

long term up The long-term trend has been UP since Apr 26th, 2023 at 121.24205

intermediate term up The intermediate-term trend has been UP since Mar 6th, 2024 at 146.30012

short term down The short-term trend has been DOWN since Mar 28th, 2024 at 147.09829

Smart Scan Analysis for ZARCDF

Based on our trend formula, ZARCDF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for ZARCDF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
146.59923 146.59923 146.59923 146.59923 0.00000
Prev. Close Volume Bid Ask Time
146.59923 2024-03-28 02:42:10
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