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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

South African Rand/ (FOREX:ZARCDF)

Sidelines Mode (+50) - ZARCDF is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until ZARCDF can gain momentum.

Is it time to buy, sell, or avoid ZARCDF?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARCDF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARCDF
Open High Low ZARCDF Price Change
102.01754 104.32392 102.01754 104.32392 +2.30638
Entry Signal

MarketClub’s Trade Triangles for ZARCDF

long term down The long-term trend has been DOWN since Feb 27th, 2020 at 111.26390

intermediate term up The intermediate-term trend has been UP since May 11th, 2020 at 93.64836

short term up The short-term trend has been UP since May 20th, 2020 at 97.37476

Smart Scan Analysis for ZARCDF

Based on our trend formula, ZARCDF is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for ZARCDF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
102.01754 104.32392 102.01754 104.32392 +2.30638
Prev. Close Volume Bid Ask Time
103.79316 103.02405 105.62378 2020-05-21 21:08:21
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