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Forex Trend Analysis Report
Prepared for you on Saturday, December 21, 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 Nov 14th, 2024 at 19.892755
The intermediate-term trend has been UP since Dec 18th, 2024 at 18.266350
The short-term trend has been UP since Dec 13th, 2024 at 17.907300
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 |
|---|---|---|---|---|
| 18.309875 | 18.318200 | 18.309540 | 18.309540 | -0.000335 |
| Prev. Close | Volume | Bid | Ask | Time |
| 18.309875 | 2024-12-21 10:52:47 |