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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.

FOREX_ZARXDR
Open High Low ZARXDR Price Change
0.04804961 0.04804961 0.04804961 0.04804961 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ZARXDR

long term down The long-term trend has been DOWN since Jul 21st, 2021 at 0.04805979

intermediate term up The intermediate-term trend has been UP since Oct 14th, 2021 at 0.04772170

short term up 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).

+50
Smart Scan Analysis for ZARXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04804961 0.04804961 0.04804961 0.04804961 0.00000000
Prev. Close Volume Bid Ask Time
0.04804961 2021-10-14 07:18:44
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