Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
South African Rand/US Dollar (FOREX:ZARUSD)
Sidelines Mode (-55) - ZARUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ZARUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for ZARUSD
The long-term trend has been DOWN since Dec 18th, 2024 at 0.05436467
The intermediate-term trend has been DOWN since Dec 18th, 2024 at 0.05474323
The short-term trend has been UP since Jan 15th, 2025 at 0.05339927
Smart Scan Analysis for ZARUSD
Based on our trend formula, ZARUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.05346739 | 0.05393046 | 0.05325536 | 0.05393046 | +0.00046300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.05346739 | 2025-01-20 09:48:45 |