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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.

FOREX_XDRZAR
Open High Low XDRZAR Price Change
20.917405 20.917405 20.917405 20.917405 0.000000
Entry Signal

MarketClub’s Trade Triangles for XDRZAR

long term down The long-term trend has been DOWN since Sep 18th, 2020 at 22.891087

intermediate term down The intermediate-term trend has been DOWN since Feb 9th, 2021 at 21.329087

short term down 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).

-100
Smart Scan Analysis for XDRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.917405 20.917405 20.917405 20.917405 0.000000
Prev. Close Volume Bid Ask Time
20.917405 2021-02-24 07:23:23
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