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Forex Trend Analysis Report

Prepared for you on Tuesday, December 3, 2024.

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

Bull Market Weakness (+75) - ZARXDR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARXDR as it may be in the beginning stages of a reversal.

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
0.04230404 0.04230404 0.04230404 0.04230404 0.00000000
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 Dec 1st, 2024 at 0.04219687

short term up The short-term trend has been UP since Dec 1st, 2024 at 0.04219687

Smart Scan Analysis for ZARXDR

Based on our trend formula, ZARXDR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for ZARXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04230404 0.04230404 0.04230404 0.04230404 0.00000000
Prev. Close Volume Bid Ask Time
0.04184663 2024-12-01 21:06:30
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