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Forex Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

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.

FOREX_ZARUSD
Open High Low ZARUSD Price Change
0.05720566 0.05740364 0.05662610 0.05698656 -0.00021900
Entry Signal

MarketClub’s Trade Triangles for ZARUSD

long term down The long-term trend has been DOWN since Feb 20th, 2020 at 0.06596807

intermediate term up The intermediate-term trend has been UP since May 20th, 2020 at 0.05550102

short term down The short-term trend has been DOWN since May 29th, 2020 at 0.05693241

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).

+55
Smart Scan Analysis for ZARUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05720566 0.05740364 0.05662610 0.05698656 -0.00021900
Prev. Close Volume Bid Ask Time
0.05720566 0.05697032 0.05700279 2020-05-29 17:18:37
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