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.
MarketClub’s Trade Triangles for ZARXDR
The long-term trend has been DOWN since Jul 21st, 2021 at 0.04805979
The intermediate-term trend has been DOWN since Oct 27th, 2021 at 0.04715952
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).