Forex Trend Analysis Report
Prepared for you on Sunday, August 14, 2022.
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.
MarketClub’s Trade Triangles for CADZAR
The long-term trend has been UP since May 2nd, 2022 at 12.54265
The intermediate-term trend has been DOWN since Aug 2nd, 2022 at 12.80840
The short-term trend has been DOWN since Aug 10th, 2022 at 12.86174
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).