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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
South African Rand/Special drawing rights (FOREX:ZARXDR)
Crossroads (-60) - ZARXDR is struggling to move into a solid trend. Beware of choppy markets 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.
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MarketClub’s Trade Triangles for ZARXDR
The long-term trend has been UP since Apr 8th, 2024 at 0.04036604
The intermediate-term trend has been DOWN since Nov 17th, 2024 at 0.04263225
The short-term trend has been DOWN since Nov 17th, 2024 at 0.04279019
Smart Scan Analysis for ZARXDR
Based on our trend formula, ZARXDR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.04219687 | 0.04219687 | 0.04219687 | 0.04219687 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.04219687 | 2024-11-18 13:11:45 |