Free Daily Analysis

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.

FOREX_ZAREUR
Open High Low ZAREUR Price Change
0.04941645 0.04958863 0.04862773 0.04876250 -0.00065400
Entry Signal

MarketClub’s Trade Triangles for ZAREUR

long term down The long-term trend has been DOWN since Feb 27th, 2020 at 0.05918880

intermediate term down The intermediate-term trend has been DOWN since Jul 26th, 2020 at 0.05130014

short term down 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).

-100
Smart Scan Analysis for ZAREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04941645 0.04958863 0.04862773 0.04876250 -0.00065400
Prev. Close Volume Bid Ask Time
0.04941645 0.04874900 0.04877600 2020-08-04 22:12:41
Get a free daily analysis and signals for South African Rand/Euro (ZAREUR) - Request Your Free Report.