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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.

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

MarketClub’s Trade Triangles for CADZAR

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

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

short term up 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
Smart Scan Analysis for CADZAR
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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