Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Euro/South African Rand (FOREX:EURZAR)
Weak Downtrend (-65) - EURZAR is showing signs of a strengthening downtrend. Monitor EURZAR as it may be building momentum to the downside.
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 UP since Feb 27th, 2020 at 16.895090
The intermediate-term trend has been DOWN since May 21st, 2020 at 19.590105
The short-term trend has been DOWN since Jun 2nd, 2020 at 19.315970
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).