Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
South African Rand/Euro (FOREX:ZAREUR)
Strong Downtrend (-100) - ZAREUR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for ZAREUR
The long-term trend has been DOWN since Feb 27th, 2020 at 0.05918880
The intermediate-term trend has been DOWN since Jul 26th, 2020 at 0.05130014
The short-term trend has been DOWN since Jul 23rd, 2020 at 0.05215187
Smart Scan Analysis for ZAREUR
Based on our trend formula, ZAREUR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).