Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Special drawing rights/South African Rand (FOREX:XDRZAR)
Strong Downtrend (-100) - XDRZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.
MarketClub’s Trade Triangles for XDRZAR
The long-term trend has been DOWN since Sep 18th, 2020 at 22.891087
The intermediate-term trend has been DOWN since Feb 9th, 2021 at 21.329087
The short-term trend has been DOWN since Feb 23rd, 2021 at 21.034429
Smart Scan Analysis for XDRZAR
Based on our trend formula, XDRZAR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).