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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/CFA Franc BEAC (FOREX:ZARXAF)
Long-Term Uptrend (+90) - ZARXAF is in a strong uptrend that is likely to continue. While ZARXAF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid ZARXAF?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARXAF.
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 ZARXAF
The long-term trend has been UP since Apr 2nd, 2024 at 32.375895
The intermediate-term trend has been UP since Apr 29th, 2024 at 32.789857
The short-term trend has been UP since Apr 26th, 2024 at 32.093989
Smart Scan Analysis for ZARXAF
Based on our trend formula, ZARXAF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 32.844654 | 32.844654 | 32.844654 | 32.844654 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 32.844654 | 2024-05-08 21:02:50 |