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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.

FOREX_ZARCAD
Open High Low ZARCAD Price Change
0.07198196 0.07198196 0.07198196 0.07198196 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ZARCAD

long term down The long-term trend has been DOWN since Feb 13th, 2023 at 0.0741710

intermediate term down The intermediate-term trend has been DOWN since Sep 19th, 2023 at 0.0706120

short term up 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).

-65
Smart Scan Analysis for ZARCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07198196 0.07198196 0.07198196 0.07198196 0.00000000
Prev. Close Volume Bid Ask Time
0.07198196 2023-09-24 00:39:10
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