Forex Trend Analysis Report
Prepared for you on Wednesday, December 6, 2023.
Euro/South African Rand (FOREX:EURZAR)
Sidelines Mode (+55) - EURZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid EURZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURZAR
The long-term trend has been DOWN since Nov 1st, 2023 at 19.651050
The intermediate-term trend has been UP since Nov 20th, 2023 at 20.106425
The short-term trend has been DOWN since Dec 1st, 2023 at 20.288800
Smart Scan Analysis for EURZAR
Based on our trend formula, EURZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).