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Forex Trend Analysis Report

Prepared for you on Tuesday, August 4, 2020.

South African Rand/Canadian Dollar (FOREX:ZARCAD)

Crossroads (-60) - ZARCAD 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 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.

FOREX_ZARCAD
Open High Low ZARCAD Price Change
0.0778730 0.0780795 0.0765025 0.0766505 -0.0012230
Entry Signal

MarketClub’s Trade Triangles for ZARCAD

long term up The long-term trend has been UP since Jul 15th, 2020 at 0.08187750

intermediate term down The intermediate-term trend has been DOWN since Jul 31st, 2020 at 0.07856401

short term down The short-term trend has been DOWN since Jul 30th, 2020 at 0.08039150

Smart Scan Analysis for ZARCAD

Based on our trend formula, ZARCAD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for ZARCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0778730 0.0780795 0.0765025 0.0766505 -0.0012230
Prev. Close Volume Bid Ask Time
0.0778730 0.0766270 0.0766740 2020-08-04 22:32:36
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