Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2023.
Special drawing rights/South African Rand (FOREX:XDRZAR)
Sidelines Mode (+50) - XDRZAR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until XDRZAR can gain momentum.
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 DOWN since Jul 20th, 2023 at 24.103984
The intermediate-term trend has been UP since Nov 24th, 2023 at 24.784930
The short-term trend has been UP since Nov 24th, 2023 at 24.639621
Smart Scan Analysis for XDRZAR
Based on our trend formula, XDRZAR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).