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.
MarketClub’s Trade Triangles for XDRZAR
The long-term trend has been DOWN since Feb 1st, 2022 at 21.190717
The intermediate-term trend has been UP since Jun 17th, 2022 at 21.103154
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).