Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, March 30, 2020.

US Dollar/South African Rand (FOREX:USDZAR)

Long-Term Uptrend (+90) - USDZAR is in a strong uptrend that is likely to continue. While USDZAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
17.955575 18.033900 17.788150 17.842325 -0.113250
Entry Signal

MarketClub’s Trade Triangles for USDZAR

long term up The long-term trend has been UP since Feb 20th, 2020 at 15.158855

intermediate term up The intermediate-term trend has been UP since Jan 13th, 2020 at 14.451200

short term up The short-term trend has been UP since Mar 29th, 2020 at 17.666390

Smart Scan Analysis for USDZAR

Based on our trend formula, USDZAR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for USDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.955575 18.033900 17.788150 17.842325 -0.113250
Prev. Close Volume Bid Ask Time
17.955575 17.837400 17.847250 2020-03-30 06:50:05
Get a free daily analysis and signals for US Dollar/South African Rand (USDZAR) - Request Your Free Report.