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Forex Trend Analysis Report

Prepared for you on Monday, June 21, 2021.

South African Rand/US Dollar (FOREX:ZARUSD)

Weak Downtrend (-65) - ZARUSD is showing signs of a strengthening downtrend. Monitor ZARUSD as it may be building momentum to the downside.

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
0.06950942 0.07070142 0.06943145 0.07024749 +0.00073800
Entry Signal

MarketClub’s Trade Triangles for ZARUSD

long term up The long-term trend has been UP since Feb 14th, 2021 at 0.06894071

intermediate term down The intermediate-term trend has been DOWN since Jun 16th, 2021 at 0.07125000

short term down The short-term trend has been DOWN since Jun 9th, 2021 at 0.07349267

Smart Scan Analysis for ZARUSD

Based on our trend formula, ZARUSD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for ZARUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06950942 0.07070142 0.06943145 0.07024749 +0.00073800
Prev. Close Volume Bid Ask Time
0.06950942 2021-06-21 18:54:45
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