Forex Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
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 DOWN since Apr 15th, 2021 at 11.382400
The intermediate-term trend has been DOWN since Mar 22nd, 2021 at 11.739900
The short-term trend has been DOWN since Apr 14th, 2021 at 11.552187
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).