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Forex Trend Analysis Report

Prepared for you on Thursday, May 6, 2021.

Euro/South African Rand (FOREX:EURZAR)

Countertrend Down (-85) - EURZAR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
17.246425 17.256460 17.122950 17.144550 -0.101875
Entry Signal

MarketClub’s Trade Triangles for EURZAR

long term down The long-term trend has been DOWN since Nov 1st, 2020 at 18.874500

intermediate term down The intermediate-term trend has been DOWN since Mar 17th, 2021 at 17.519885

short term up The short-term trend has been UP since Apr 20th, 2021 at 17.184050

Smart Scan Analysis for EURZAR

Based on our trend formula, EURZAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for EURZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.246425 17.256460 17.122950 17.144550 -0.101875
Prev. Close Volume Bid Ask Time
17.246425 2021-05-06 14:48:23
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