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Forex Trend Analysis Report

Prepared for you on Monday, March 27, 2023.

South African Rand/US Dollar (FOREX:ZARUSD)

Sidelines Mode (+55) - ZARUSD 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 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
0.05507140 0.05508948 0.05448662 0.05461739 -0.00045400
Entry Signal

MarketClub’s Trade Triangles for ZARUSD

long term down The long-term trend has been DOWN since Mar 7th, 2023 at 0.05400735

intermediate term up The intermediate-term trend has been UP since Mar 23rd, 2023 at 0.05545000

short term down The short-term trend has been DOWN since Mar 27th, 2023 at 0.05467110

Smart Scan Analysis for ZARUSD

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

+55
Smart Scan Analysis for ZARUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05507140 0.05508948 0.05448662 0.05461739 -0.00045400
Prev. Close Volume Bid Ask Time
0.05507140 2023-03-27 16:34:06
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