Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, February 27, 2020.

South African Rand/ (FOREX:ZARXDR)

Strong Downtrend (-100) - ZARXDR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
0.04824621 0.04824621 0.04824621 0.04824621 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ZARXDR

long term down The long-term trend has been DOWN since Jan 27th, 2020 at 0.05004998

intermediate term down The intermediate-term trend has been DOWN since Jan 27th, 2020 at 0.05004998

short term down The short-term trend has been DOWN since Feb 25th, 2020 at 0.04895564

Smart Scan Analysis for ZARXDR

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

-100
Smart Scan Analysis for ZARXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04824621 0.04824621 0.04824621 0.04824621 0.00000000
Prev. Close Volume Bid Ask Time
0.04776229 0.04824621 0.04824621 2020-02-25 07:23:09
Get a free daily analysis and signals for South African Rand/ (ZARXDR) - Request Your Free Report.