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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.

FOREX_ZARCDF
Open High Low ZARCDF Price Change
114.2365 114.2365 114.2365 114.2365 0.0000
Entry Signal

MarketClub’s Trade Triangles for ZARCDF

long term down The long-term trend has been DOWN since Mar 17th, 2023 at 113.40850

intermediate term down The intermediate-term trend has been DOWN since Jan 31st, 2023 at 119.66137

short term down 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).

-90
Smart Scan Analysis for ZARCDF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
114.2365 114.2365 114.2365 114.2365 0.0000
Prev. Close Volume Bid Ask Time
114.2365 2023-03-24 08:27:39
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