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Future Trend Analysis Report

Prepared for you on Monday, November 30, 2020.

US $/SOUTH AFRICAN RAND DECEMBER 2020 (ICE:@ZR.Z20)

Countertrend Down (-85) - @ZR.Z20 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid @ZR.Z20?

MarketClub looks at technical strength and momentum to determine if the timing is right for @ZR.Z20.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

ICE_@ZR.Z20
Open High Low @ZR.Z20 Price Change
15.15725 15.15725 15.15725 15.19000 +0.03275
Entry Signal

MarketClub’s Trade Triangles for @ZR.Z20

long term down The long-term trend has been DOWN since Jul 21st, 2020 at 16.80675

intermediate term down The intermediate-term trend has been DOWN since Oct 21st, 2020 at 16.54250

short term up The short-term trend has been UP since Nov 19th, 2020 at 15.46800

Smart Scan Analysis for @ZR.Z20

Based on our trend formula, @ZR.Z20 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for @ZR.Z20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.15725 15.15725 15.15725 15.19000 +0.03275
Prev. Close Volume Bid Ask Time
15.15725 0 2020-11-25 12:51:26
52wk High17.2652wk High Date2020-09-24
52wk Low15.1952wk Low Date2020-11-25
Volatility16.01Expiration2020-12-14
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