Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
Special drawing rights/South African Rand (FOREX:XDRZAR)
Long-Term Downtrend (-90) - XDRZAR is in a strong downtrend that is likely to continue. While XDRZAR is showing intraday strength, it remains in the confines of a bearish trend. 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.
MarketClub’s Trade Triangles for XDRZAR
The long-term trend has been DOWN since Sep 18th, 2020 at 22.891087
The intermediate-term trend has been DOWN since Oct 13th, 2020 at 23.344533
The short-term trend has been DOWN since Nov 23rd, 2020 at 21.878886
Smart Scan Analysis for XDRZAR
Based on our trend formula, XDRZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).