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.
MarketClub’s Trade Triangles for ZARCAD
The long-term trend has been UP since Jul 15th, 2020 at 0.08187750
The intermediate-term trend has been DOWN since Jul 31st, 2020 at 0.07856401
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).