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Forex Trend Analysis Report

Prepared for you on Thursday, August 13, 2020.

US Dollar/South African Rand (FOREX:USDZAR)

Sidelines Mode (-55) - USDZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
17.46500 17.50325 17.38327 17.40060 -0.06440
Entry Signal

MarketClub’s Trade Triangles for USDZAR

long term down The long-term trend has been DOWN since Jul 21st, 2020 at 16.38951

intermediate term up The intermediate-term trend has been UP since Aug 2nd, 2020 at 17.10055

short term down The short-term trend has been DOWN since Aug 11th, 2020 at 17.47755

Smart Scan Analysis for USDZAR

Based on our trend formula, USDZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for USDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.46500 17.50325 17.38327 17.40060 -0.06440
Prev. Close Volume Bid Ask Time
17.46500 17.39510 17.40610 2020-08-13 07:41:11
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