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Forex Trend Analysis Report

Prepared for you on Saturday, September 23, 2023.

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

Sidelines Mode (+55) - ZARXDR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.04035028 0.04035028 0.04035028 0.04035028 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ZARXDR

long term up The long-term trend has been UP since Jul 20th, 2023 at 0.04148692

intermediate term down The intermediate-term trend has been DOWN since Sep 5th, 2023 at 0.03939822

short term up The short-term trend has been UP since Sep 11th, 2023 at 0.03939765

Smart Scan Analysis for ZARXDR

Based on our trend formula, ZARXDR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for ZARXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04035028 0.04035028 0.04035028 0.04035028 0.00000000
Prev. Close Volume Bid Ask Time
0.04035028 2023-09-22 07:28:42
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