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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

South African Rand/CFA Franc BCEAO (FOREX:ZARXOF)

Weak Downtrend (-65) - ZARXOF is showing signs of a strengthening downtrend. Monitor ZARXOF as it may be building momentum to the downside.

Is it time to buy, sell, or avoid ZARXOF?

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

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

FOREX_ZARXOF
Open High Low ZARXOF Price Change
31.792780 31.855750 31.728461 31.848805 +0.056025
Entry Signal

MarketClub’s Trade Triangles for ZARXOF

long term down The long-term trend has been DOWN since Jan 17th, 2024 at 31.678813

intermediate term down The intermediate-term trend has been DOWN since Feb 20th, 2024 at 31.870462

short term down The short-term trend has been DOWN since Mar 18th, 2024 at 32.044760

Smart Scan Analysis for ZARXOF

Based on our trend formula, ZARXOF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for ZARXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
31.792780 31.855750 31.728461 31.848805 +0.056025
Prev. Close Volume Bid Ask Time
31.792780 2024-03-19 05:04:17
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