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Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

US Dollar/South African Rand (FOREX:USDZAR)

Strong Uptrend (+100) - USDZAR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDZAR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
18.54500 18.61174 18.46260 18.57030 +0.02530
Entry Signal

MarketClub’s Trade Triangles for USDZAR

long term up The long-term trend has been UP since Mar 7th, 2023 at 18.5146

intermediate term up The intermediate-term trend has been UP since Jan 30th, 2023 at 17.3745

short term up The short-term trend has been UP since Mar 15th, 2023 at 18.4914

Smart Scan Analysis for USDZAR

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

+100
Smart Scan Analysis for USDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.54500 18.61174 18.46260 18.57030 +0.02530
Prev. Close Volume Bid Ask Time
18.54500 2023-03-21 14:04:16
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