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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.

FOREX_USDZAR
Open High Low USDZAR Price Change
14.045650 14.070445 13.967450 13.977500 -0.068150
Entry Signal

MarketClub’s Trade Triangles for USDZAR

long term down The long-term trend has been DOWN since Apr 14th, 2021 at 14.39147

intermediate term down The intermediate-term trend has been DOWN since Apr 1st, 2021 at 14.60090

short term down 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).

-100
Smart Scan Analysis for USDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.045650 14.070445 13.967450 13.977500 -0.068150
Prev. Close Volume Bid Ask Time
14.045650 2021-05-12 07:56:05
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