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.
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MarketClub’s Trade Triangles for ZARXOF
The long-term trend has been DOWN since Jan 17th, 2024 at 31.678813
The intermediate-term trend has been DOWN since Feb 20th, 2024 at 31.870462
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).
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 |