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Forex Trend Analysis Report

Prepared for you on Tuesday, December 1, 2020.

Special drawing rights/South African Rand (FOREX:XDRZAR)

Long-Term Downtrend (-90) - XDRZAR is in a strong downtrend that is likely to continue. While XDRZAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid XDRZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for XDRZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_XDRZAR
Open High Low XDRZAR Price Change
21.922661 21.922661 21.922661 21.922661 0.000000
Entry Signal

MarketClub’s Trade Triangles for XDRZAR

long term down The long-term trend has been DOWN since Sep 18th, 2020 at 22.891087

intermediate term down The intermediate-term trend has been DOWN since Oct 13th, 2020 at 23.344533

short term down The short-term trend has been DOWN since Nov 23rd, 2020 at 21.878886

Smart Scan Analysis for XDRZAR

Based on our trend formula, XDRZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for XDRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.922661 21.922661 21.922661 21.922661 0.000000
Prev. Close Volume Bid Ask Time
21.922661 2020-11-30 21:00:29
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