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.
MarketClub’s Trade Triangles for CADZAR
The long-term trend has been DOWN since Jul 15th, 2020 at 12.235481
The intermediate-term trend has been DOWN since Aug 25th, 2020 at 12.696161
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).