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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
US Dollar/South African Rand (FOREX:USDZAR)
Bear Market Rally (-75) - USDZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDZAR as it may be in the beginning 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 DOWN since May 3rd, 2024 at 18.41241
The intermediate-term trend has been DOWN since Jun 18th, 2024 at 18.19650
The short-term trend has been DOWN since Jul 26th, 2024 at 18.23056
Smart Scan Analysis for USDZAR
Based on our trend formula, USDZAR is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 18.328000 | 18.330440 | 18.158675 | 18.273100 | -0.054900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 18.328000 | 2024-07-26 20:25:01 |