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Forex Trend Analysis Report

Prepared for you on Sunday, February 28, 2021.

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

Countertrend Up (+85) - ZARXDR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
0.04780708 0.04780708 0.04780708 0.04780708 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ZARXDR

long term up The long-term trend has been UP since Sep 18th, 2020 at 0.04368512

intermediate term up The intermediate-term trend has been UP since Feb 9th, 2021 at 0.04688433

short term up The short-term trend has been UP since Feb 23rd, 2021 at 0.04754110

Smart Scan Analysis for ZARXDR

Based on our trend formula, ZARXDR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for ZARXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04780708 0.04780708 0.04780708 0.04780708 0.00000000
Prev. Close Volume Bid Ask Time
0.04780708 2021-02-24 07:23:23
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