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Forex Trend Analysis Report

Prepared for you on Friday, April 12, 2024.

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
18.75590 18.80335 18.64985 18.76412 +0.00822
Entry Signal

MarketClub’s Trade Triangles for USDZAR

long term up The long-term trend has been UP since Feb 9th, 2024 at 33.5000

intermediate term down The intermediate-term trend has been DOWN since Mar 7th, 2024 at 18.6784

short term up The short-term trend has been UP since Apr 10th, 2024 at 18.7479

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
18.75590 18.80335 18.64985 18.76412 +0.00822
Prev. Close Volume Bid Ask Time
18.75590 2024-04-12 07:56:46
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