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Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
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 May 3rd, 2022 at 129.76446
The intermediate-term trend has been UP since Aug 2nd, 2022 at 117.37501
The short-term trend has been UP since Aug 2nd, 2022 at 117.37501
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 |
|---|---|---|---|---|
| 121.36192 | 121.36192 | 121.36192 | 121.36192 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 121.36192 | 2022-08-10 07:20:30 |