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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.

FOREX_XDRZAR
Open High Low XDRZAR Price Change
20.809102 20.809102 20.809102 20.809102 0.000000
Entry Signal

MarketClub’s Trade Triangles for XDRZAR

long term down The long-term trend has been DOWN since Apr 1st, 2021 at 20.825318

intermediate term down The intermediate-term trend has been DOWN since Apr 1st, 2021 at 21.225922

short term up 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).

-75
Smart Scan Analysis for XDRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.809102 20.809102 20.809102 20.809102 0.000000
Prev. Close Volume Bid Ask Time
20.809102 2021-04-10 08:06:59
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