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Forex Trend Analysis Report

Prepared for you on Monday, June 24, 2024.

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
23.751493 23.751493 23.734610 23.734610 -0.016883
Entry Signal

MarketClub’s Trade Triangles for XDRZAR

long term down The long-term trend has been DOWN since Apr 8th, 2024 at 24.773303

intermediate term down The intermediate-term trend has been DOWN since Jun 20th, 2024 at 24.150243

short term down The short-term trend has been DOWN since Jun 12th, 2024 at 24.779655

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
23.751493 23.751493 23.734610 23.734610 -0.016883
Prev. Close Volume Bid Ask Time
23.751493 2024-06-23 21:00:31
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