Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
Euro/South African Rand (FOREX:EURZAR)
Countertrend Down (-85) - EURZAR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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, 2020 at 18.874500
The intermediate-term trend has been DOWN since Mar 17th, 2021 at 17.519885
The short-term trend has been UP since Apr 20th, 2021 at 17.184050
Smart Scan Analysis for EURZAR
Based on our trend formula, EURZAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).