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.
MarketClub’s Trade Triangles for USDZAR
The long-term trend has been UP since Feb 20th, 2020 at 15.158855
The intermediate-term trend has been UP since Jan 13th, 2020 at 14.451200
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).