Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, April 25, 2024.

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

Weak Downtrend (-65) - ZARXDR is showing signs of a strengthening downtrend. Monitor ZARXDR as it may be building momentum to the downside.

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
0.03951269 0.03951269 0.03951269 0.03951269 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 down The intermediate-term trend has been DOWN since Apr 22nd, 2024 at 0.03985352

short term down The short-term trend has been DOWN since Apr 14th, 2024 at 0.04034907

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
0.03951269 0.03951269 0.03951269 0.03951269 0.00000000
Prev. Close Volume Bid Ask Time
0.03951269 2024-04-24 21:01:06
Get a free daily analysis and signals for South African Rand/Special drawing rights (ZARXDR) - Request Your Free Report.