Forex Trend Analysis Report
Prepared for you on Tuesday, November 28, 2023.
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.
MarketClub’s Trade Triangles for ZAREUR
The long-term trend has been UP since Nov 1st, 2023 at 0.050884
The intermediate-term trend has been DOWN since Nov 20th, 2023 at 0.049734
The short-term trend has been UP since Nov 27th, 2023 at 0.048940
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).