Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
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 May 2nd, 2022 at 0.0797355
The intermediate-term trend has been UP since Aug 2nd, 2022 at 0.0780690
The short-term trend has been DOWN since Aug 15th, 2022 at 0.0783769
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).