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Forex Trend Analysis Report

Prepared for you on Saturday, June 22, 2024.

Euro/South African Rand (FOREX:EURZAR)

Long-Term Downtrend (-90) - EURZAR is in a strong downtrend that is likely to continue. While EURZAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
19.212815 19.213315 19.119400 19.213315 +0.000500
Entry Signal

MarketClub’s Trade Triangles for EURZAR

long term down The long-term trend has been DOWN since Apr 8th, 2024 at 20.128935

intermediate term down The intermediate-term trend has been DOWN since Jun 17th, 2024 at 19.574925

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 20.313340

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
19.212815 19.213315 19.119400 19.213315 +0.000500
Prev. Close Volume Bid Ask Time
19.212815 2024-06-22 11:27:54
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