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Forex Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

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

Sidelines Mode (+50) - ZARXDR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until ZARXDR can gain 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
0.04686237 0.04686237 0.04686237 0.04686237 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ZARXDR

long term down The long-term trend has been DOWN since Jun 30th, 2022 at 0.04660925

intermediate term up The intermediate-term trend has been UP since Jul 27th, 2022 at 0.04477559

short term up The short-term trend has been UP since Jul 27th, 2022 at 0.04477559

Smart Scan Analysis for ZARXDR

Based on our trend formula, ZARXDR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for ZARXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04686237 0.04686237 0.04686237 0.04686237 0.00000000
Prev. Close Volume Bid Ask Time
0.04686237 2022-08-11 07:19:12
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