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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

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

Crossroads (-60) - XDRZAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
20.811823 20.811823 20.811823 20.811823 0.000000
Entry Signal

MarketClub’s Trade Triangles for XDRZAR

long term up The long-term trend has been UP since Jul 21st, 2021 at 20.807414

intermediate term down The intermediate-term trend has been DOWN since Oct 14th, 2021 at 20.954828

short term down The short-term trend has been DOWN since Oct 14th, 2021 at 21.088229

Smart Scan Analysis for XDRZAR

Based on our trend formula, XDRZAR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for XDRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.811823 20.811823 20.811823 20.811823 0.000000
Prev. Close Volume Bid Ask Time
20.811823 2021-10-14 07:18:44
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