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Forex Trend Analysis Report

Prepared for you on Tuesday, November 28, 2023.

South African Rand/Euro (FOREX:ZAREUR)

Sidelines Mode (+55) - ZAREUR 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 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.

FOREX_ZAREUR
Open High Low ZAREUR Price Change
0.04903126 0.04904450 0.04860000 0.04896250 -0.00006900
Entry Signal

MarketClub’s Trade Triangles for ZAREUR

long term up The long-term trend has been UP since Nov 1st, 2023 at 0.050884

intermediate term down The intermediate-term trend has been DOWN since Nov 20th, 2023 at 0.049734

short term up The short-term trend has been UP since Nov 27th, 2023 at 0.048940

Smart Scan Analysis for ZAREUR

Based on our trend formula, ZAREUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for ZAREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04903126 0.04904450 0.04860000 0.04896250 -0.00006900
Prev. Close Volume Bid Ask Time
0.04903126 2023-11-28 15:10:30
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