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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.

FOREX_EURZAR
Open High Low EURZAR Price Change
16.110355 16.279070 16.098170 16.238995 +0.128640
Entry Signal

MarketClub’s Trade Triangles for EURZAR

long term down The long-term trend has been DOWN since Dec 18th, 2019 at 15.92536

intermediate term up The intermediate-term trend has been UP since Jan 14th, 2020 at 16.12625

short term up 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).

+70
Smart Scan Analysis for EURZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.110355 16.279070 16.098170 16.238995 +0.128640
Prev. Close Volume Bid Ask Time
16.110355 16.226210 16.251780 2020-02-17 16:24:27
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