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Forex Trend Analysis Report
Prepared for you on Tuesday, January 18, 2022.
Euro/South African Rand (FOREX:EURZAR)
Crossroads (-60) - EURZAR is struggling to move into a solid trend. Beware of choppy markets 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.
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MarketClub’s Trade Triangles for EURZAR
The long-term trend has been UP since Jul 25th, 2021 at 17.499885
The intermediate-term trend has been DOWN since Dec 20th, 2021 at 17.760645
The short-term trend has been DOWN since Jan 3rd, 2022 at 17.955380
Smart Scan Analysis for EURZAR
Based on our trend formula, EURZAR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 17.590600 | 17.677450 | 17.576905 | 17.642885 | +0.052285 |
| Prev. Close | Volume | Bid | Ask | Time |
| 17.590600 | 2022-01-18 05:09:50 |