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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.

FOREX_ZARCDF
Open High Low ZARCDF Price Change
145.49485 145.49485 145.49485 145.49485 0.00000
Entry Signal

MarketClub’s Trade Triangles for ZARCDF

long term up The long-term trend has been UP since Apr 26th, 2023 at 121.24205

intermediate term up The intermediate-term trend has been UP since Oct 18th, 2023 at 130.81709

short term up 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).

+80
Smart Scan Analysis for ZARCDF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
145.49485 145.49485 145.49485 145.49485 0.00000
Prev. Close Volume Bid Ask Time
146.45444 2023-12-02 06:46:37
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