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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

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

Weak Uptrend (+65) - ZARXDR is showing signs of weakening momentum to the upside. Monitor ZARXDR as it may be in the beginning stages of a reversal.

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
0.04126829 0.04126829 0.04126829 0.04126829 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 up The intermediate-term trend has been UP since Jun 20th, 2024 at 0.04140745

short term down The short-term trend has been DOWN since Jul 15th, 2024 at 0.04182630

Smart Scan Analysis for ZARXDR

Based on our trend formula, ZARXDR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for ZARXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04126829 0.04126829 0.04126829 0.04126829 0.00000000
Prev. Close Volume Bid Ask Time
0.04126829 2024-07-26 14:00:16
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