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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
South African Rand/ (FOREX:ZARCDF)
Sidelines Mode (-55) - ZARCDF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 Oct 15th, 2024 at 163.41218
The short-term trend has been UP since Oct 21st, 2024 at 161.22031
Smart Scan Analysis for ZARCDF
Based on our trend formula, ZARCDF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 162.48362 | 162.48362 | 162.48362 | 162.48362 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 160.52642 | 2024-10-22 21:06:14 |