Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

South African Rand/US Dollar (FOREX:ZARUSD)

Long-Term Downtrend (-90) - ZARUSD is in a strong downtrend that is likely to continue. While ZARUSD 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 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
0.05911603 0.05928983 0.05866400 0.05881419 -0.00030200
Entry Signal

MarketClub’s Trade Triangles for ZARUSD

long term down The long-term trend has been DOWN since Apr 28th, 2022 at 0.06208774

intermediate term down The intermediate-term trend has been DOWN since Aug 19th, 2022 at 0.05888593

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 0.06131815

Smart Scan Analysis for ZARUSD

Based on our trend formula, ZARUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ZARUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05911603 0.05928983 0.05866400 0.05881419 -0.00030200
Prev. Close Volume Bid Ask Time
0.05911603 2022-08-19 17:20:33
Get a free daily analysis and signals for South African Rand/US Dollar (ZARUSD) - Request Your Free Report.