Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2023.
South African Rand/Canadian Dollar (FOREX:ZARCAD)
Weak Downtrend (-65) - ZARCAD is showing signs of a strengthening downtrend. Monitor ZARCAD as it may be building momentum to the downside.
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 Feb 13th, 2023 at 0.0741710
The intermediate-term trend has been DOWN since Sep 19th, 2023 at 0.0706120
The short-term trend has been UP since Sep 20th, 2023 at 0.0713365
Smart Scan Analysis for ZARCAD
Based on our trend formula, ZARCAD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).