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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
South African Rand/ (FOREX:ZARCDF)
Crossroads (-60) - ZARCDF is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Nov 12th, 2024 at 161.16701
The short-term trend has been DOWN since Nov 12th, 2024 at 161.20977
Smart Scan Analysis for ZARCDF
Based on our trend formula, ZARCDF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 157.39453 | 157.54389 | 157.39453 | 157.54389 | +0.14936 |
| Prev. Close | Volume | Bid | Ask | Time |
| 157.39453 | 2024-11-20 19:11:57 |