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Forex Trend Analysis Report

Prepared for you on Monday, July 22, 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.

FOREX_ZAREUR
Open High Low ZAREUR Price Change
0.05033500 0.05039332 0.05013900 0.05025100 -0.00008400
Entry Signal

MarketClub’s Trade Triangles for ZAREUR

long term up The long-term trend has been UP since Apr 8th, 2024 at 0.04967650

intermediate term up The intermediate-term trend has been UP since Jun 17th, 2024 at 0.05108577

short term down The short-term trend has been DOWN since Jul 15th, 2024 at 0.05083419

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).

+55
Smart Scan Analysis for ZAREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05033500 0.05039332 0.05013900 0.05025100 -0.00008400
Prev. Close Volume Bid Ask Time
0.05033500 2024-07-22 10:39:23
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