Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
US Dollar/South African Rand (FOREX:USDZAR)
Strong Uptrend (+100) - USDZAR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDZAR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Mar 7th, 2023 at 18.5146
The intermediate-term trend has been UP since Jan 30th, 2023 at 17.3745
The short-term trend has been UP since Mar 15th, 2023 at 18.4914
Smart Scan Analysis for USDZAR
Based on our trend formula, USDZAR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).