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Forex Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

South African Rand/Canadian Dollar (FOREX:ZARCAD)

Sidelines Mode (+55) - ZARCAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid ZARCAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARCAD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARCAD
Open High Low ZARCAD Price Change
0.07422600 0.07434850 0.07399224 0.07417350 -0.00005200
Entry Signal

MarketClub’s Trade Triangles for ZARCAD

long term up The long-term trend has been UP since Apr 5th, 2024 at 0.0727475

intermediate term up The intermediate-term trend has been UP since May 1st, 2024 at 0.0736105

short term down The short-term trend has been DOWN since May 23rd, 2024 at 0.0744400

Smart Scan Analysis for ZARCAD

Based on our trend formula, ZARCAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for ZARCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07422600 0.07434850 0.07399224 0.07417350 -0.00005200
Prev. Close Volume Bid Ask Time
0.07422600 2024-05-27 08:54:55
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