Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
US Dollar/South African Rand (FOREX:USDZAR)
Sidelines Mode (-55) - USDZAR 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 USDZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDZAR
The long-term trend has been UP since Jul 23rd, 2021 at 14.849595
The intermediate-term trend has been DOWN since Oct 15th, 2021 at 14.576350
The short-term trend has been UP since Oct 22nd, 2021 at 14.700700
Smart Scan Analysis for USDZAR
Based on our trend formula, USDZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).