Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
Euro/South African Rand (FOREX:EURZAR)
Long-Term Uptrend (+90) - EURZAR is in a strong uptrend that is likely to continue. While EURZAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Jul 7th, 2022 at 17.171620
The intermediate-term trend has been UP since Jan 16th, 2023 at 18.455060
The short-term trend has been UP since Mar 17th, 2023 at 19.623735
Smart Scan Analysis for EURZAR
Based on our trend formula, EURZAR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).