Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

South African Rand/Canadian Dollar (FOREX:ZARCAD)

Bear Market Rally (-75) - ZARCAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARCAD as it may be in the beginning 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.

FOREX_ZARCAD
Open High Low ZARCAD Price Change
0.0713940 0.0715355 0.0712970 0.0713845 -0.0000090
Entry Signal

MarketClub’s Trade Triangles for ZARCAD

long term down The long-term trend has been DOWN since Feb 23rd, 2024 at 0.069901

intermediate term up The intermediate-term trend has been UP since Mar 7th, 2024 at 0.072100

short term down The short-term trend has been DOWN since Mar 18th, 2024 at 0.071925

Smart Scan Analysis for ZARCAD

Based on our trend formula, ZARCAD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for ZARCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0713940 0.0715355 0.0712970 0.0713845 -0.0000090
Prev. Close Volume Bid Ask Time
0.0713940 2024-03-19 04:48:01
Get a free daily analysis and signals for South African Rand/Canadian Dollar (ZARCAD) - Request Your Free Report.