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Forex Trend Analysis Report

Prepared for you on Friday, March 24, 2023.

South African Rand/Algerian Dinar (FOREX:ZARDZD)

Sidelines Mode (-55) - ZARDZD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid ZARDZD?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARDZD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARDZD
Open High Low ZARDZD Price Change
7.483346 7.496603 7.467895 7.485322 +0.001976
Entry Signal

MarketClub’s Trade Triangles for ZARDZD

long term down The long-term trend has been DOWN since May 2nd, 2022 at 9.014765

intermediate term down The intermediate-term trend has been DOWN since Jan 17th, 2023 at 7.937283

short term up The short-term trend has been UP since Mar 22nd, 2023 at 7.400038

Smart Scan Analysis for ZARDZD

Based on our trend formula, ZARDZD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for ZARDZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.483346 7.496603 7.467895 7.485322 +0.001976
Prev. Close Volume Bid Ask Time
7.483346 2023-03-24 14:54:05
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