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Forex Trend Analysis Report

Prepared for you on Wednesday, February 24, 2021.

US Dollar/South African Rand (FOREX:USDZAR)

Weak Downtrend (-65) - USDZAR is showing signs of a strengthening downtrend. Monitor USDZAR as it may be building momentum to the downside.

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.

FOREX_USDZAR
Open High Low USDZAR Price Change
14.56975 14.65850 14.39770 14.49862 -0.07113
Entry Signal

MarketClub’s Trade Triangles for USDZAR

long term up The long-term trend has been UP since Feb 5th, 2021 at 16.42934

intermediate term down The intermediate-term trend has been DOWN since Feb 9th, 2021 at 14.77330

short term down The short-term trend has been DOWN since Feb 23rd, 2021 at 14.52510

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).

-70
Smart Scan Analysis for USDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.56975 14.65850 14.39770 14.49862 -0.07113
Prev. Close Volume Bid Ask Time
14.56975 2021-02-24 18:38:52
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