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Forex Trend Analysis Report

Prepared for you on Wednesday, December 6, 2023.

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.

FOREX_EURZAR
Open High Low EURZAR Price Change
20.447070 20.508200 20.368245 20.467560 +0.020490
Entry Signal

MarketClub’s Trade Triangles for EURZAR

long term down The long-term trend has been DOWN since Nov 1st, 2023 at 19.651050

intermediate term up The intermediate-term trend has been UP since Nov 20th, 2023 at 20.106425

short term down The short-term trend has been DOWN since Dec 1st, 2023 at 20.288800

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).

+55
Smart Scan Analysis for EURZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.447070 20.508200 20.368245 20.467560 +0.020490
Prev. Close Volume Bid Ask Time
20.447070 2023-12-06 05:36:45
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