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Forex Trend Analysis Report
Prepared for you on Saturday, May 4, 2024.
South African Rand/Special drawing rights (FOREX:ZARXDR)
Bull Market Weakness (+75) - ZARXDR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARXDR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZARXDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARXDR.
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 ZARXDR
The long-term trend has been UP since Apr 8th, 2024 at 0.04036604
The intermediate-term trend has been DOWN since Apr 22nd, 2024 at 0.03985352
The short-term trend has been UP since Apr 28th, 2024 at 0.03961617
Smart Scan Analysis for ZARXDR
Based on our trend formula, ZARXDR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.04068396 | 0.04068396 | 0.04068396 | 0.04068396 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.04102889 | 2024-05-02 07:26:26 |