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.
MarketClub’s Trade Triangles for XDRZAR
The long-term trend has been UP since Jan 27th, 2020 at 19.980029
The intermediate-term trend has been UP since Aug 8th, 2020 at 23.359404
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).