Forex Trend Analysis Report
Prepared for you on Monday, August 8, 2022.
US Dollar/South African Rand (FOREX:USDZAR)
Bull Market Weakness (+75) - USDZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDZAR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDZAR
The long-term trend has been UP since Apr 28th, 2022 at 16.10700
The intermediate-term trend has been UP since Jun 12th, 2022 at 15.92103
The short-term trend has been UP since Aug 2nd, 2022 at 16.67165
Smart Scan Analysis for USDZAR
Based on our trend formula, USDZAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).