Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, August 15, 2020.

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

Bull Market Weakness (+75) - XDRZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XDRZAR as it may be in the beginning stages 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.

FOREX_XDRZAR
Open High Low XDRZAR Price Change
24.848709 24.848709 24.848709 24.848709 0.000000
Entry Signal

MarketClub’s Trade Triangles for XDRZAR

long term up The long-term trend has been UP since Jan 27th, 2020 at 19.980029

intermediate term up The intermediate-term trend has been UP since Aug 8th, 2020 at 23.359404

short term up The short-term trend has been UP since Aug 8th, 2020 at 23.108675

Smart Scan Analysis for XDRZAR

Based on our trend formula, XDRZAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for XDRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
24.848709 24.848709 24.848709 24.848709 0.000000
Prev. Close Volume Bid Ask Time
24.848709 24.848709 24.848709 2020-08-08 13:36:11
Get a free daily analysis and signals for Special drawing rights/South African Rand (XDRZAR) - Request Your Free Report.