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Forex Trend Analysis Report
Prepared for you on Wednesday, August 10, 2022.
South African Rand/Euro (FOREX:ZAREUR)
Bull Market Weakness (+75) - ZAREUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZAREUR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZAREUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZAREUR.
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 ZAREUR
The long-term trend has been DOWN since Jul 1st, 2022 at 0.0582375
The intermediate-term trend has been UP since Jul 28th, 2022 at 0.0592975
The short-term trend has been UP since Aug 8th, 2022 at 0.0590475
Smart Scan Analysis for ZAREUR
Based on our trend formula, ZAREUR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.05899350 | 0.05912750 | 0.05889220 | 0.05906117 | +0.00006800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.05899350 | 2022-08-10 04:30:37 |