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Future Trend Analysis Report

Prepared for you on Wednesday, December 8, 2021.

US $/SOUTH AFRICAN RAND SEPTEMBER 2023 (ICE:@ZR.U23)

Bear Market Rally (-75) - @ZR.U23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on @ZR.U23 as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid @ZR.U23?

MarketClub looks at technical strength and momentum to determine if the timing is right for @ZR.U23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

ICE_@ZR.U23
Open High Low @ZR.U23 Price Change
17.4445 17.4445 17.4445 17.4445 0.0000
Entry Signal

MarketClub’s Trade Triangles for @ZR.U23

long term down The long-term trend has been DOWN since at

intermediate term down The intermediate-term trend has been DOWN since at

short term down The short-term trend has been DOWN since at

Smart Scan Analysis for @ZR.U23

Based on our trend formula, @ZR.U23 is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for @ZR.U23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.4445 17.4445 17.4445 17.4445 0.0000
Prev. Close Volume Bid Ask Time
17.4445 0 2021-12-07 00:00:00
Volatility14.89Expiration2023-09-18
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