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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
South African Rand/ (FOREX:ZARCDF)
Weak Downtrend (-65) - ZARCDF is showing signs of a strengthening downtrend. Monitor ZARCDF as it may be building momentum to the downside.
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.
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MarketClub’s Trade Triangles for ZARCDF
The long-term trend has been UP since Apr 26th, 2023 at 121.24205
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 146.59923
The short-term trend has been DOWN since Apr 14th, 2024 at 148.69959
Smart Scan Analysis for ZARCDF
Based on our trend formula, ZARCDF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 146.10272 | 146.10272 | 146.10272 | 146.10272 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 144.76862 | 2024-04-18 07:26:28 |