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.
MarketClub’s Trade Triangles for ZARXDR
The long-term trend has been DOWN since Jun 30th, 2022 at 0.04660925
The intermediate-term trend has been UP since Jul 27th, 2022 at 0.04477559
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).