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Forex Trend Analysis Report

Prepared for you on Sunday, January 19, 2025.

South African Rand/ (FOREX:ZARCDF)

Long-Term Downtrend (-90) - ZARCDF is in a strong downtrend that is likely to continue. While ZARCDF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
150.36097 150.36097 150.36097 150.36097 0.00000
Entry Signal

MarketClub’s Trade Triangles for ZARCDF

long term down The long-term trend has been DOWN since Dec 23rd, 2024 at 156.29639

intermediate term down The intermediate-term trend has been DOWN since Dec 23rd, 2024 at 157.13224

short term down The short-term trend has been DOWN since Dec 16th, 2024 at 159.01970

Smart Scan Analysis for ZARCDF

Based on our trend formula, ZARCDF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ZARCDF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
150.36097 150.36097 150.36097 150.36097 0.00000
Prev. Close Volume Bid Ask Time
152.51438 2025-01-09 18:05:35
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