Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
South African Rand/Canadian Dollar (FOREX:ZARCAD)
Strong Downtrend (-100) - ZARCAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 25th, 2020 at 0.0869600
The intermediate-term trend has been DOWN since Jan 6th, 2020 at 0.0903825
The short-term trend has been DOWN since Mar 12th, 2020 at 0.0834690
Smart Scan Analysis for ZARCAD
Based on our trend formula, ZARCAD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).