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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.

FOREX_XDRZAR
Open High Low XDRZAR Price Change
21.696664 21.696664 21.696664 21.696664 0.000000
Entry Signal

MarketClub’s Trade Triangles for XDRZAR

long term up The long-term trend has been UP since Jun 30th, 2022 at 21.454970

intermediate term down The intermediate-term trend has been DOWN since Jul 27th, 2022 at 22.333596

short term down 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).

-60
Smart Scan Analysis for XDRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.696664 21.696664 21.696664 21.696664 0.000000
Prev. Close Volume Bid Ask Time
21.696664 2022-08-15 07:20:10
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