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Forex Trend Analysis Report

Prepared for you on Wednesday, December 1, 2021.

South African Rand/Special drawing rights (FOREX:ZARXDR)

Strong Downtrend (-100) - ZARXDR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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.

FOREX_ZARXDR
Open High Low ZARXDR Price Change
0.04522424 0.04522424 0.04522424 0.04522424 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ZARXDR

long term down The long-term trend has been DOWN since Jul 21st, 2021 at 0.04805979

intermediate term down The intermediate-term trend has been DOWN since Oct 27th, 2021 at 0.04715952

short term down The short-term trend has been DOWN since Nov 22nd, 2021 at 0.04651211

Smart Scan Analysis for ZARXDR

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

-100
Smart Scan Analysis for ZARXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04522424 0.04522424 0.04522424 0.04522424 0.00000000
Prev. Close Volume Bid Ask Time
0.04522424 2021-11-24 07:23:57
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