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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

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.

FOREX_ZARCAD
Open High Low ZARCAD Price Change
0.0844760 0.0848910 0.0839790 0.0840715 -0.0004050
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 Feb 25th, 2021 at 0.08395535

short term down The short-term trend has been DOWN since Feb 25th, 2021 at 0.08468900

Smart Scan Analysis for ZARCAD

Based on our trend formula, ZARCAD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for ZARCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0844760 0.0848910 0.0839790 0.0840715 -0.0004050
Prev. Close Volume Bid Ask Time
0.0844760 2021-03-01 09:00:06
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