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Forex Trend Analysis Report

Prepared for you on Wednesday, May 12, 2021.

South African Rand/ (FOREX:ZARCDF)

Bull Market Weakness (+75) - ZARCDF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARCDF as it may be in the beginning stages of a reversal.

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.

FOREX_ZARCDF
Open High Low ZARCDF Price Change
142.0367 142.0367 142.0367 142.0367 0.0000
Entry Signal

MarketClub’s Trade Triangles for ZARCDF

long term up The long-term trend has been UP since Apr 18th, 2021 at 137.04682

intermediate term up The intermediate-term trend has been UP since Apr 1st, 2021 at 134.77924

short term up The short-term trend has been UP since Mar 31st, 2021 at 132.73033

Smart Scan Analysis for ZARCDF

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

+70
Smart Scan Analysis for ZARCDF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
142.0367 142.0367 142.0367 142.0367 0.0000
Prev. Close Volume Bid Ask Time
142.0367 2021-05-12 07:25:09
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