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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
South African Rand/Special drawing rights (FOREX:ZARXDR)
Strong Downtrend (-100) - ZARXDR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZARXDR continues to fall. Traders should use caution and set stops.
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 DOWN since Dec 24th, 2024 at 0.04166959
The intermediate-term trend has been DOWN since Dec 19th, 2024 at 0.04183180
The short-term trend has been DOWN since Dec 18th, 2024 at 0.04226786
Smart Scan Analysis for ZARXDR
Based on our trend formula, ZARXDR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.0406301 | 0.0406301 | 0.0406301 | 0.0406301 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.0410408 | 2024-12-24 21:00:04 |