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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
US Dollar/South African Rand (FOREX:USDZAR)
Long-Term Uptrend (+90) - USDZAR is in a strong uptrend that is likely to continue. While USDZAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
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MarketClub’s Trade Triangles for USDZAR
The long-term trend has been UP since Feb 9th, 2024 at 33.50000
The intermediate-term trend has been UP since Apr 16th, 2024 at 19.10531
The short-term trend has been UP since Apr 10th, 2024 at 18.74790
Smart Scan Analysis for USDZAR
Based on our trend formula, USDZAR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 19.24730 | 19.28375 | 19.15625 | 19.18030 | -0.06700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 19.24730 | 2024-04-19 03:44:00 |