Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
US Dollar/South African Rand (FOREX:USDZAR)
Strong Downtrend (-100) - USDZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Apr 14th, 2021 at 14.39147
The intermediate-term trend has been DOWN since Apr 1st, 2021 at 14.60090
The short-term trend has been DOWN since Apr 13th, 2021 at 14.52450
Smart Scan Analysis for USDZAR
Based on our trend formula, USDZAR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).