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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.

FOREX_CADZAR
Open High Low CADZAR Price Change
12.837407 12.848192 12.828048 12.848192 +0.010785
Entry Signal

MarketClub’s Trade Triangles for CADZAR

long term up The long-term trend has been UP since Feb 25th, 2020 at 11.501396

intermediate term down The intermediate-term trend has been DOWN since May 20th, 2020 at 12.982749

short term up 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).

+55
Smart Scan Analysis for CADZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.837407 12.848192 12.828048 12.848192 +0.010785
Prev. Close Volume Bid Ask Time
12.837407 12.844649 12.851735 2020-06-02 02:12:05
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