Forex Trend Analysis Report

Prepared for you on Thursday, August 11, 2022.

South African Rand/Canadian Dollar (FOREX:ZARCAD)

Bull Market Weakness (+75) - ZARCAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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.

Open	High	Low	ZARCAD Price	Change
0.0787885	0.0791805	0.0785360	0.0789335	+0.0001450
Entry Signal

MarketClub’s Trade Triangles for ZARCAD

The long-term trend has been DOWN since May 2nd, 2022 at 0.0797355

The intermediate-term trend has been UP since Aug 2nd, 2022 at 0.0780690

The short-term trend has been UP since Aug 10th, 2022 at 0.0777490

Smart Scan Analysis for ZARCAD

Based on our trend formula, ZARCAD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.0787885	0.0791805	0.0785360	0.0789335	+0.0001450
Prev. Close	Volume	Bid	Ask	Time
0.0787885				2022-08-11 07:52:14

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