Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
South African Rand/ (FOREX:ZARCDF)
Long-Term Uptrend (+90) - ZARCDF is in a strong uptrend that is likely to continue. While ZARCDF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for ZARCDF
The long-term trend has been UP since Jun 12th, 2020 at 109.96027
The intermediate-term trend has been UP since Feb 9th, 2021 at 133.51036
The short-term trend has been UP since Feb 24th, 2021 at 136.04725
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 136.72891 | 136.72891 | 136.72891 | 136.72891 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 131.97815 | 2021-02-24 07:23:17 |