Forex Trend Analysis Report
Prepared for you on Tuesday, December 5, 2023.
South African Rand/ (FOREX:ZARCDF)
Countertrend Up (+85) - ZARCDF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid ZARCDF?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARCDF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARCDF
The long-term trend has been UP since Apr 26th, 2023 at 121.24205
The intermediate-term trend has been UP since Oct 18th, 2023 at 130.81709
The short-term trend has been UP since Nov 12th, 2023 at 131.77784
Smart Scan Analysis for ZARCDF
Based on our trend formula, ZARCDF is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).