Forex Trend Analysis Report
Prepared for you on Friday, March 29, 2024.
US Dollar/South African Rand (FOREX:USDZAR)
Weak Uptrend (+65) - USDZAR is showing signs of weakening momentum to the upside. Monitor 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.
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MarketClub’s Trade Triangles for USDZAR
The long-term trend has been UP since Feb 9th, 2024 at 33.5000
The intermediate-term trend has been DOWN since Mar 7th, 2024 at 18.6784
The short-term trend has been UP since Mar 28th, 2024 at 18.9678
Smart Scan Analysis for USDZAR
Based on our trend formula, USDZAR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
18.93625 | 18.97885 | 18.89875 | 18.91345 | -0.02280 |
Prev. Close | Volume | Bid | Ask | Time |
18.93625 | 2024-03-29 04:06:16 |