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Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 2021.

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
14.69740 14.75080 14.65630 14.74293 +0.04553
Entry Signal

MarketClub’s Trade Triangles for USDZAR

long term up The long-term trend has been UP since Jul 23rd, 2021 at 14.849595

intermediate term down The intermediate-term trend has been DOWN since Oct 15th, 2021 at 14.576350

short term up The short-term trend has been UP since Oct 22nd, 2021 at 14.700700

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
14.69740 14.75080 14.65630 14.74293 +0.04553
Prev. Close Volume Bid Ask Time
14.69740 2021-10-26 08:22:29
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