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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2024.

Canadian Dollar/South African Rand (FOREX:CADZAR)

Strong Downtrend (-100) - CADZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CADZAR continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid CADZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for CADZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CADZAR
Open High Low CADZAR Price Change
13.148802 13.150044 13.145340 13.146800 -0.002002
Entry Signal

MarketClub’s Trade Triangles for CADZAR

long term down The long-term trend has been DOWN since Apr 5th, 2024 at 13.745792

intermediate term down The intermediate-term trend has been DOWN since Jun 17th, 2024 at 13.308050

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 13.672150

Smart Scan Analysis for CADZAR

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

-100
Smart Scan Analysis for CADZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
13.148802 13.150044 13.145340 13.146800 -0.002002
Prev. Close Volume Bid Ask Time
13.148802 2024-06-19 00:57:51
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