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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

Canadian Dollar/South African Rand (FOREX:CADZAR)

Long-Term Downtrend (-90) - CADZAR is in a strong downtrend that is likely to continue. While CADZAR is showing intraday strength, it remains in the confines of a bearish trend. 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
13.245305 13.336300 13.243319 13.334100 +0.088795
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 Apr 30th, 2024 at 13.581665

short term down The short-term trend has been DOWN since May 10th, 2024 at 13.455245

Smart Scan Analysis for CADZAR

Based on our trend formula, CADZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CADZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
13.245305 13.336300 13.243319 13.334100 +0.088795
Prev. Close Volume Bid Ask Time
13.245305 2024-05-22 07:21:45
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