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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.

FOREX_ZAREUR
Open High Low ZAREUR Price Change
0.05899350 0.05912750 0.05889220 0.05906117 +0.00006800
Entry Signal

MarketClub’s Trade Triangles for ZAREUR

long term down The long-term trend has been DOWN since Jul 1st, 2022 at 0.0582375

intermediate term up The intermediate-term trend has been UP since Jul 28th, 2022 at 0.0592975

short term up 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).

+70
Smart Scan Analysis for ZAREUR
Strong Downtrend Sideways 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
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