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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
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.
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MarketClub’s Trade Triangles for XDRZAR
The long-term trend has been DOWN since Apr 8th, 2024 at 24.773303
The intermediate-term trend has been UP since Apr 22nd, 2024 at 25.091885
The short-term trend has been UP since Apr 14th, 2024 at 24.783721
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 25.249433 | 25.249433 | 25.249433 | 25.249433 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 25.249433 | 2024-04-23 21:01:41 |