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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.

FOREX_EURZAR
Open High Low EURZAR Price Change
19.873400 20.063665 19.789525 19.997155 +0.123755
Entry Signal

MarketClub’s Trade Triangles for EURZAR

long term up The long-term trend has been UP since Jul 7th, 2022 at 17.171620

intermediate term up The intermediate-term trend has been UP since Jan 16th, 2023 at 18.455060

short term up 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).

+90
Smart Scan Analysis for EURZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.873400 20.063665 19.789525 19.997155 +0.123755
Prev. Close Volume Bid Ask Time
19.873400 2023-03-21 10:31:10
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