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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
Euro/South African Rand (FOREX:EURZAR)
Bear Market Rally (-75) - EURZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURZAR as it may be in the beginning of a reversal.
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 Dec 23rd, 2024 at 19.154600
The short-term trend has been DOWN since Jan 14th, 2025 at 19.442520
Smart Scan Analysis for EURZAR
Based on our trend formula, EURZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 19.268620 | 19.391075 | 19.239275 | 19.350180 | +0.081560 |
| Prev. Close | Volume | Bid | Ask | Time |
| 19.268620 | 2025-01-20 09:46:50 |