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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
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.
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MarketClub’s Trade Triangles for ZAREUR
The long-term trend has been UP since Apr 8th, 2024 at 0.0496765
The intermediate-term trend has been DOWN since Apr 24th, 2024 at 0.0485885
The short-term trend has been UP since Apr 25th, 2024 at 0.0492200
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.04857253 | 0.04926700 | 0.04855950 | 0.04897450 | +0.00040200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.04857253 | 2024-04-25 13:40:33 |