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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
South African Rand/US Dollar (FOREX:ZARUSD)
Long-Term Downtrend (-90) - ZARUSD is in a strong downtrend that is likely to continue. While ZARUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for ZARUSD
The long-term trend has been DOWN since Dec 18th, 2024 at 0.05436467
The intermediate-term trend has been DOWN since Dec 18th, 2024 at 0.05474323
The short-term trend has been DOWN since Dec 13th, 2024 at 0.05584190
Smart Scan Analysis for ZARUSD
Based on our trend formula, ZARUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.05333251 | 0.05382276 | 0.05331200 | 0.05366002 | +0.00032800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.05333251 | 2024-12-26 05:09:56 |