Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Special drawing rights/South African Rand (FOREX:XDRZAR)
Crossroads (-60) - XDRZAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 UP since Jul 21st, 2021 at 20.807414
The intermediate-term trend has been DOWN since Oct 14th, 2021 at 20.954828
The short-term trend has been DOWN since Oct 14th, 2021 at 21.088229
Smart Scan Analysis for XDRZAR
Based on our trend formula, XDRZAR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).