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Forex Trend Analysis Report
Prepared for you on Wednesday, May 1, 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.
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MarketClub’s Trade Triangles for CADZAR
The long-term trend has been DOWN since Apr 5th, 2024 at 13.745792
The intermediate-term trend has been DOWN since Apr 30th, 2024 at 13.581665
The short-term trend has been DOWN since Apr 25th, 2024 at 13.890647
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 13.635637 | 13.647041 | 13.509707 | 13.539150 | -0.096487 |
| Prev. Close | Volume | Bid | Ask | Time |
| 13.635637 | 2024-05-01 17:47:05 |