Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Euro/South African Rand (FOREX:EURZAR)
Bull Market Weakness (+75) - EURZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURZAR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid
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 Dec 18th, 2019 at 15.92536
The intermediate-term trend has been UP since Jan 14th, 2020 at 16.12625
The short-term trend has been UP since Feb 17th, 2020 at 16.22330
Smart Scan Analysis for EURZAR
Based on our trend formula, EURZAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).