Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
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.
MarketClub’s Trade Triangles for ZARCAD
The long-term trend has been DOWN since Jul 14th, 2021 at 0.0846515
The intermediate-term trend has been UP since Oct 20th, 2021 at 0.0852430
The short-term trend has been DOWN since Oct 22nd, 2021 at 0.0841675
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).