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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.

FOREX_ZARCAD
Open High Low ZARCAD Price Change
0.0843185 0.0844505 0.0841330 0.0842535 -0.0000650
Entry Signal

MarketClub’s Trade Triangles for ZARCAD

long term down The long-term trend has been DOWN since Jul 14th, 2021 at 0.0846515

intermediate term up The intermediate-term trend has been UP since Oct 20th, 2021 at 0.0852430

short term down 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).

-55
Smart Scan Analysis for ZARCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0843185 0.0844505 0.0841330 0.0842535 -0.0000650
Prev. Close Volume Bid Ask Time
0.0843185 2021-10-22 03:34:18
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