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Forex Trend Analysis Report

Prepared for you on Sunday, November 17, 2024.

US Dollar/South African Rand (FOREX:USDZAR)

Weak Downtrend (-65) - USDZAR is showing signs of a strengthening downtrend. Monitor USDZAR as it may be building momentum to the downside.

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.

FOREX_USDZAR
Open High Low USDZAR Price Change
17.226455 17.226455 17.226455 17.226455 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDZAR

long term up The long-term trend has been UP since Nov 14th, 2024 at 19.892755

intermediate term down The intermediate-term trend has been DOWN since Nov 15th, 2024 at 17.155000

short term down The short-term trend has been DOWN since Nov 15th, 2024 at 17.935450

Smart Scan Analysis for USDZAR

Based on our trend formula, USDZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for USDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.226455 17.226455 17.226455 17.226455 0.000000
Prev. Close Volume Bid Ask Time
17.226455 2024-11-17 04:51:17
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