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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

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.

FOREX_XDRZAR
Open High Low XDRZAR Price Change
24.231681 24.231681 24.231681 24.231681 0.000000
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 up The short-term trend has been UP since Jul 15th, 2024 at 23.908400

Smart Scan Analysis for XDRZAR

Based on our trend formula, XDRZAR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for XDRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
24.231681 24.231681 24.231681 24.231681 0.000000
Prev. Close Volume Bid Ask Time
24.231681 2024-07-26 14:00:16
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