Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Canadian Dollar/South African Rand (FOREX:CADZAR)
Crossroads (-60) - CADZAR is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for CADZAR
The long-term trend has been UP since Jul 14th, 2021 at 11.811646
The intermediate-term trend has been DOWN since Oct 20th, 2021 at 11.730550
The short-term trend has been DOWN since Oct 13th, 2021 at 11.961950
Smart Scan Analysis for CADZAR
Based on our trend formula, CADZAR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).