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Forex Trend Analysis Report

Prepared for you on Monday, July 13, 2020.

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
16.74820 16.81310 16.70395 16.75260 +0.00440
Entry Signal

MarketClub’s Trade Triangles for USDZAR

long term up The long-term trend has been UP since Feb 20th, 2020 at 15.158855

intermediate term down The intermediate-term trend has been DOWN since May 20th, 2020 at 18.018600

short term down The short-term trend has been DOWN since Jul 8th, 2020 at 16.890000

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
16.74820 16.81310 16.70395 16.75260 +0.00440
Prev. Close Volume Bid Ask Time
16.74820 16.74810 16.75710 2020-07-13 07:04:37
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