Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
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 Jun 30th, 2022 at 21.454970
The intermediate-term trend has been DOWN since Jul 27th, 2022 at 22.333596
The short-term trend has been DOWN since Jul 27th, 2022 at 22.333596
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).