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Forex Trend Analysis Report

Prepared for you on Tuesday, June 28, 2022.

Special drawing rights/South African Rand (FOREX:XDRZAR)

Sidelines Mode (+50) - XDRZAR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until XDRZAR can gain momentum.

Is it time to buy, sell, or avoid XDRZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for XDRZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_XDRZAR
Open High Low XDRZAR Price Change
21.202073 21.202073 21.202073 21.202073 0.000000
Entry Signal

MarketClub’s Trade Triangles for XDRZAR

long term down The long-term trend has been DOWN since Feb 1st, 2022 at 21.190717

intermediate term up The intermediate-term trend has been UP since Jun 17th, 2022 at 21.103154

short term up The short-term trend has been UP since Jun 17th, 2022 at 20.874775

Smart Scan Analysis for XDRZAR

Based on our trend formula, XDRZAR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for XDRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.202073 21.202073 21.202073 21.202073 0.000000
Prev. Close Volume Bid Ask Time
21.202073 2022-06-18 05:16:23
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