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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
South African Rand/ (FOREX:ZARCDF)
Strong Downtrend (-100) - ZARCDF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZARCDF continues to fall. 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.
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MarketClub’s Trade Triangles for ZARCDF
The long-term trend has been DOWN since Dec 23rd, 2024 at 156.29639
The intermediate-term trend has been DOWN since Dec 23rd, 2024 at 157.13224
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 -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 154.49568 | 154.49568 | 154.49568 | 154.49568 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 152.28351 | 2024-12-23 07:25:13 |