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Forex Trend Analysis Report

Prepared for you on Monday, January 24, 2022.

South African Rand/US Dollar (FOREX:ZARUSD)

Crossroads (+60) - ZARUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_ZARUSD
Open High Low ZARUSD Price Change
0.06623486 0.06625000 0.06540351 0.06545981 -0.00077500
Entry Signal

MarketClub’s Trade Triangles for ZARUSD

long term down The long-term trend has been DOWN since Jul 23rd, 2021 at 0.06736236

intermediate term up The intermediate-term trend has been UP since Dec 23rd, 2021 at 0.06381581

short term up The short-term trend has been UP since Jan 19th, 2022 at 0.06520000

Smart Scan Analysis for ZARUSD

Based on our trend formula, ZARUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for ZARUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06623486 0.06625000 0.06540351 0.06545981 -0.00077500
Prev. Close Volume Bid Ask Time
0.06623486 2022-01-24 09:08:39
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