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Forex Trend Analysis Report

Prepared for you on Friday, May 7, 2021.

Canadian Dollar/South African Rand (FOREX:CADZAR)

Weak Downtrend (-65) - CADZAR is showing signs of a strengthening downtrend. Monitor CADZAR as it may be building momentum to the downside.

Is it time to buy, sell, or avoid CADZAR?

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

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

FOREX_CADZAR
Open High Low CADZAR Price Change
11.678887 11.712627 11.570099 11.590704 -0.088183
Entry Signal

MarketClub’s Trade Triangles for CADZAR

long term down The long-term trend has been DOWN since Apr 15th, 2021 at 11.382400

intermediate term down The intermediate-term trend has been DOWN since Mar 22nd, 2021 at 11.739900

short term down The short-term trend has been DOWN since Apr 14th, 2021 at 11.552187

Smart Scan Analysis for CADZAR

Based on our trend formula, CADZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CADZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.678887 11.712627 11.570099 11.590704 -0.088183
Prev. Close Volume Bid Ask Time
11.678887 2021-05-07 18:10:20
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