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Forex Trend Analysis Report

Prepared for you on Wednesday, May 27, 2020.

Special drawing rights/South African Rand (FOREX:XDRZAR)

Weak Downtrend (-65) - XDRZAR is showing signs of a strengthening downtrend. Monitor XDRZAR as it may be building momentum to the downside.

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
23.6948 23.6948 23.6948 23.6948 0.0000
Entry Signal

MarketClub’s Trade Triangles for XDRZAR

long term up The long-term trend has been UP since Jan 27th, 2020 at 19.980029

intermediate term down The intermediate-term trend has been DOWN since May 19th, 2020 at 24.987727

short term down The short-term trend has been DOWN since Apr 29th, 2020 at 25.441911

Smart Scan Analysis for XDRZAR

Based on our trend formula, XDRZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for XDRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
23.6948 23.6948 23.6948 23.6948 0.0000
Prev. Close Volume Bid Ask Time
23.6948 23.6948 23.6948 2020-05-26 07:14:38
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