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Forex Trend Analysis Report

Prepared for you on Monday, October 7, 2024.

Canadian Dollar/South African Rand (FOREX:CADZAR)

Strong Downtrend (-100) - CADZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CADZAR continues to fall. Traders should use caution and set stops.

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
12.865360 12.872123 12.772150 12.804985 -0.060375
Entry Signal

MarketClub’s Trade Triangles for CADZAR

long term down The long-term trend has been DOWN since Apr 5th, 2024 at 13.745792

intermediate term down The intermediate-term trend has been DOWN since Aug 16th, 2024 at 13.071750

short term down The short-term trend has been DOWN since Oct 7th, 2024 at 12.783949

Smart Scan Analysis for CADZAR

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

-100
Smart Scan Analysis for CADZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.865360 12.872123 12.772150 12.804985 -0.060375
Prev. Close Volume Bid Ask Time
12.865360 2024-10-07 07:10:41
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