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Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 2021.

South African Rand/US Dollar (FOREX:ZARUSD)

Bear Market Rally (-75) - ZARUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARUSD as it may be in the beginning of a reversal.

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.

FOREX_ZARUSD
Open High Low ZARUSD Price Change
0.06804634 0.06824269 0.06725900 0.06730214 -0.00074400
Entry Signal

MarketClub’s Trade Triangles for ZARUSD

long term down The long-term trend has been DOWN since Jul 23rd, 2021 at 0.06736236

intermediate term up The intermediate-term trend has been UP since Oct 15th, 2021 at 0.06860664

short term down The short-term trend has been DOWN since Oct 22nd, 2021 at 0.06802981

Smart Scan Analysis for ZARUSD

Based on our trend formula, ZARUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for ZARUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06804634 0.06824269 0.06725900 0.06730214 -0.00074400
Prev. Close Volume Bid Ask Time
0.06804634 2021-10-26 15:24:11
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