Forex Trend Analysis Report
Prepared for you on Wednesday, May 27, 2020.
Special drawing rights/South African Rand (FOREX:XDRZAR)
Weak Downtrend (-65) - XDRZAR is showing signs of a strengthening downtrend. Monitor XDRZAR as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for XDRZAR
The long-term trend has been UP since Jan 27th, 2020 at 19.980029
The intermediate-term trend has been DOWN since May 19th, 2020 at 24.987727
The short-term trend has been DOWN since Apr 29th, 2020 at 25.441911
Smart Scan Analysis for XDRZAR
Based on our trend formula, XDRZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).