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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.
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MarketClub’s Trade Triangles for ZARCDF
The long-term trend has been DOWN since Jul 26th, 2021 at 134.98117
The intermediate-term trend has been UP since Oct 18th, 2021 at 132.89262
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).
| 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 |