Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
South African Rand/Canadian Dollar (FOREX:ZARCAD)
Weak Uptrend (+65) - ZARCAD is showing signs of weakening momentum to the upside. Monitor ZARCAD as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for ZARCAD
The long-term trend has been UP since Jul 15th, 2020 at 0.0818775
The intermediate-term trend has been UP since Oct 22nd, 2020 at 0.0810955
The short-term trend has been DOWN since Nov 27th, 2020 at 0.0847520
Smart Scan Analysis for ZARCAD
Based on our trend formula, ZARCAD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).