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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

South African Rand/Special drawing rights (FOREX:ZARXDR)

Strong Uptrend (+100) - ZARXDR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, ZARXDR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

Is it time to buy, sell, or avoid ZARXDR?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARXDR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARXDR
Open High Low ZARXDR Price Change
0.04114189 0.04140745 0.04114189 0.04140745 +0.00026600
Entry Signal

MarketClub’s Trade Triangles for ZARXDR

long term up The long-term trend has been UP since Apr 8th, 2024 at 0.04036604

intermediate term up The intermediate-term trend has been UP since May 8th, 2024 at 0.04070175

short term up The short-term trend has been UP since May 27th, 2024 at 0.04111140

Smart Scan Analysis for ZARXDR

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

+100
Smart Scan Analysis for ZARXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04114189 0.04140745 0.04114189 0.04140745 +0.00026600
Prev. Close Volume Bid Ask Time
0.04114189 2024-05-28 21:01:22
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