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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Euro/South African Rand (FOREX:EURZAR)
Sidelines Mode (+55) - EURZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 DOWN since Apr 8th, 2024 at 20.128935
The intermediate-term trend has been UP since Nov 13th, 2024 at 19.280325
The short-term trend has been DOWN since Nov 18th, 2024 at 19.068700
Smart Scan Analysis for EURZAR
Based on our trend formula, EURZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 19.123695 | 19.168400 | 19.090520 | 19.134235 | +0.010540 |
| Prev. Close | Volume | Bid | Ask | Time |
| 19.123695 | 2024-11-20 03:47:57 |