Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
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 Jul 21st, 2021 at 0.04805979
The intermediate-term trend has been UP since Oct 14th, 2021 at 0.04772170
The short-term trend has been UP since Oct 14th, 2021 at 0.04741982
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).