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Forex Trend Analysis Report

Prepared for you on Saturday, October 23, 2021.

South African Rand/Euro (FOREX:ZAREUR)

Bear Market Rally (-75) - ZAREUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZAREUR as it may be in the beginning 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
0.05872027 0.05897900 0.05790523 0.05790523 -0.00081500
Entry Signal

MarketClub’s Trade Triangles for ZAREUR

long term down The long-term trend has been DOWN since Jul 25th, 2021 at 0.05714543

intermediate term up The intermediate-term trend has been UP since Oct 14th, 2021 at 0.05849278

short term down The short-term trend has been DOWN since Oct 22nd, 2021 at 0.05851850

Smart Scan Analysis for ZAREUR

Based on our trend formula, ZAREUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for ZAREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05872027 0.05897900 0.05790523 0.05790523 -0.00081500
Prev. Close Volume Bid Ask Time
0.05872027 2021-10-22 17:01:07
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