Forex Trend Analysis Report
Prepared for you on Monday, April 12, 2021.
Special drawing rights/South African Rand (FOREX:XDRZAR)
Bear Market Rally (-75) - XDRZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on XDRZAR as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for XDRZAR
The long-term trend has been DOWN since Apr 1st, 2021 at 20.825318
The intermediate-term trend has been DOWN since Apr 1st, 2021 at 21.225922
The short-term trend has been UP since Apr 10th, 2021 at 20.791711
Smart Scan Analysis for XDRZAR
Based on our trend formula, XDRZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).