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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.

FOREX_USDZAR
Open High Low USDZAR Price Change
16.781635 16.796100 16.577670 16.626130 -0.155505
Entry Signal

MarketClub’s Trade Triangles for USDZAR

long term up The long-term trend has been UP since Apr 28th, 2022 at 16.10700

intermediate term up The intermediate-term trend has been UP since Jun 12th, 2022 at 15.92103

short term up 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).

+70
Smart Scan Analysis for USDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.781635 16.796100 16.577670 16.626130 -0.155505
Prev. Close Volume Bid Ask Time
16.781635 2022-08-08 15:58:53
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