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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.

FOREX_XDRZAR
Open High Low XDRZAR Price Change
25.376926 25.376926 25.376926 25.376926 0.000000
Entry Signal

MarketClub’s Trade Triangles for XDRZAR

long term down The long-term trend has been DOWN since Jul 20th, 2023 at 24.103984

intermediate term up The intermediate-term trend has been UP since Nov 24th, 2023 at 24.784930

short term up 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).

+50
Smart Scan Analysis for XDRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
25.376926 25.376926 25.376926 25.376926 0.000000
Prev. Close Volume Bid Ask Time
25.376926 2023-12-11 07:29:39
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