Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Canadian Dollar/South African Rand (FOREX:CADZAR)
Sidelines Mode (+55) - CADZAR 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 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.
MarketClub’s Trade Triangles for CADZAR
The long-term trend has been UP since Feb 25th, 2020 at 11.501396
The intermediate-term trend has been DOWN since May 20th, 2020 at 12.982749
The short-term trend has been UP since May 27th, 2020 at 12.673900
Smart Scan Analysis for CADZAR
Based on our trend formula, CADZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).