Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

South African Rand/Canadian Dollar (FOREX:ZARCAD)

Sidelines Mode (-55) - ZARCAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid ZARCAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARCAD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	ZARCAD Price	Change
0.0785115	0.0786100	0.0782320	0.0783120	-0.0001990
Entry Signal

MarketClub’s Trade Triangles for ZARCAD

The long-term trend has been DOWN since May 2nd, 2022 at 0.0797355

The intermediate-term trend has been UP since Aug 2nd, 2022 at 0.0780690

The short-term trend has been DOWN since Aug 15th, 2022 at 0.0783769

Smart Scan Analysis for ZARCAD

Based on our trend formula, ZARCAD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.0785115	0.0786100	0.0782320	0.0783120	-0.0001990
Prev. Close	Volume	Bid	Ask	Time
0.0785115				2022-08-16 16:03:25

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