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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
US Dollar/South African Rand (FOREX:USDZAR)
Crossroads (+60) - USDZAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for USDZAR
The long-term trend has been UP since Nov 14th, 2024 at 19.892755
The intermediate-term trend has been DOWN since Nov 15th, 2024 at 17.155000
The short-term trend has been DOWN since Nov 15th, 2024 at 17.935450
Smart Scan Analysis for USDZAR
Based on our trend formula, USDZAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 18.054030 | 18.136050 | 18.027450 | 18.109595 | +0.055565 |
| Prev. Close | Volume | Bid | Ask | Time |
| 18.054030 | 2024-11-20 03:47:27 |