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Forex Trend Analysis Report

Prepared for you on Friday, July 19, 2024.

South African Rand/ (FOREX:ZARCDF)

Bull Market Weakness (+75) - ZARCDF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARCDF as it may be in the beginning stages of a reversal.

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
155.77066 155.78244 155.77066 155.78244 +0.01178
Entry Signal

MarketClub’s Trade Triangles for ZARCDF

long term up The long-term trend has been UP since Apr 26th, 2023 at 121.24205

intermediate term up The intermediate-term trend has been UP since Jun 20th, 2024 at 154.05853

short term down The short-term trend has been DOWN since Jul 15th, 2024 at 156.85308

Smart Scan Analysis for ZARCDF

Based on our trend formula, ZARCDF is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for ZARCDF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
155.77066 155.78244 155.77066 155.78244 +0.01178
Prev. Close Volume Bid Ask Time
154.89052 2024-07-17 23:17:59
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