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Forex Trend Analysis Report

Prepared for you on Sunday, February 28, 2021.

South African Rand/US Dollar (FOREX:ZARUSD)

Countertrend Up (+85) - ZARUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
0.06633895 0.06753508 0.06579870 0.06611883 -0.00022000
Entry Signal

MarketClub’s Trade Triangles for ZARUSD

long term up The long-term trend has been UP since Feb 14th, 2021 at 0.06894071

intermediate term up The intermediate-term trend has been UP since Feb 9th, 2021 at 0.06772071

short term down The short-term trend has been DOWN since Feb 25th, 2021 at 0.06700700

Smart Scan Analysis for ZARUSD

Based on our trend formula, ZARUSD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for ZARUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06633895 0.06753508 0.06579870 0.06611883 -0.00022000
Prev. Close Volume Bid Ask Time
0.06633895 2021-02-26 17:11:30
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