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Forex Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

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
121.36192 121.36192 121.36192 121.36192 0.00000
Entry Signal

MarketClub’s Trade Triangles for ZARCDF

long term down The long-term trend has been DOWN since May 3rd, 2022 at 129.76446

intermediate term up The intermediate-term trend has been UP since Aug 2nd, 2022 at 117.37501

short term up The short-term trend has been UP since Aug 2nd, 2022 at 117.37501

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
121.36192 121.36192 121.36192 121.36192 0.00000
Prev. Close Volume Bid Ask Time
121.36192 2022-08-10 07:20:30
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