Forex Trend Analysis Report
Prepared for you on Saturday, March 25, 2023.
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.
MarketClub’s Trade Triangles for ZARCDF
The long-term trend has been DOWN since Mar 17th, 2023 at 113.40850
The intermediate-term trend has been DOWN since Jan 31st, 2023 at 119.66137
The short-term trend has been DOWN since Mar 17th, 2023 at 114.29964
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).