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Forex Trend Analysis Report

Prepared for you on Wednesday, February 5, 2025.

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

Weak Downtrend (-65) - XDRZAR is showing signs of a strengthening downtrend. Monitor XDRZAR as it may be building momentum to the downside.

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
24.402799 24.402799 24.206694 24.206694 -0.196105
Entry Signal

MarketClub’s Trade Triangles for XDRZAR

long term up The long-term trend has been UP since Dec 24th, 2024 at 23.998318

intermediate term down The intermediate-term trend has been DOWN since Feb 2nd, 2025 at 24.244240

short term down The short-term trend has been DOWN since Jan 16th, 2025 at 24.568385

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
24.402799 24.402799 24.206694 24.206694 -0.196105
Prev. Close Volume Bid Ask Time
24.509391 2025-02-02 14:27:11
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