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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Euro/South African Rand (FOREX:EURZAR)

Weak Downtrend (-65) - EURZAR is showing signs of a strengthening downtrend. Monitor EURZAR as it may be building momentum to the downside.

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
19.369080 19.448020 19.308085 19.333040 -0.036040
Entry Signal

MarketClub’s Trade Triangles for EURZAR

long term up The long-term trend has been UP since Feb 27th, 2020 at 16.895090

intermediate term down The intermediate-term trend has been DOWN since May 21st, 2020 at 19.590105

short term down The short-term trend has been DOWN since Jun 2nd, 2020 at 19.315970

Smart Scan Analysis for EURZAR

Based on our trend formula, EURZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for EURZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.369080 19.448020 19.308085 19.333040 -0.036040
Prev. Close Volume Bid Ask Time
19.369080 19.327690 19.338390 2020-06-02 04:36:53
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