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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/Euro (FOREX:ZAREUR)
Countertrend Up (+85) - ZAREUR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid ZAREUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZAREUR.
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 ZAREUR
The long-term trend has been UP since Apr 8th, 2024 at 0.04967650
The intermediate-term trend has been UP since May 1st, 2024 at 0.05018450
The short-term trend has been DOWN since May 7th, 2024 at 0.05008179
Smart Scan Analysis for ZAREUR
Based on our trend formula, ZAREUR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.05008862 | 0.05012750 | 0.05006637 | 0.05011500 | +0.00002600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.05008862 | 2024-05-09 02:03:19 |