Forex Trend Analysis Report

Prepared for you on Thursday, December 3, 2020.

Canadian Dollar/South African Rand (FOREX:CADZAR)

Sidelines Mode (-55) - CADZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

Open	High	Low	CADZAR Price	Change
11.857324	11.872295	11.845221	11.865050	+0.007726
Entry Signal

MarketClub’s Trade Triangles for CADZAR

The long-term trend has been DOWN since Jul 15th, 2020 at 12.235481

The intermediate-term trend has been DOWN since Aug 25th, 2020 at 12.696161

The short-term trend has been UP since Nov 27th, 2020 at 11.798668

Smart Scan Analysis for CADZAR

Based on our trend formula, CADZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
11.857324	11.872295	11.845221	11.865050	+0.007726
Prev. Close	Volume	Bid	Ask	Time
11.857324				2020-12-03 02:50:20

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