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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Canadian Dollar/South African Rand (FOREX:CADZAR)
Bull Market Weakness (+75) - CADZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CADZAR as it may be in the beginning stages of a reversal.
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 UP since Nov 11th, 2024 at 12.908453
The short-term trend has been UP since Nov 20th, 2024 at 12.956700
Smart Scan Analysis for CADZAR
Based on our trend formula, CADZAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 12.935800 | 12.984093 | 12.920345 | 12.966900 | +0.031100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 12.935800 | 2024-11-20 03:41:54 |