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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

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
136.94695 136.94695 136.94695 136.94695 0.00000
Entry Signal

MarketClub’s Trade Triangles for ZARCDF

long term down The long-term trend has been DOWN since Jul 26th, 2021 at 134.98117

intermediate term up The intermediate-term trend has been UP since Oct 18th, 2021 at 132.89262

short term up The short-term trend has been UP since Oct 18th, 2021 at 132.89262

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
136.94695 136.94695 136.94695 136.94695 0.00000
Prev. Close Volume Bid Ask Time
136.94695 2021-10-20 07:19:49
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