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Forex Trend Analysis Report
Prepared for you on Sunday, June 26, 2022.
South African Rand/CFA Franc BEAC (FOREX:ZARXAF)
Crossroads (-60) - ZARXAF is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ZARXAF?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARXAF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ZARXAF
The long-term trend has been UP since Jan 26th, 2022 at 38.357176
The intermediate-term trend has been DOWN since Jun 14th, 2022 at 39.137954
The short-term trend has been DOWN since Jun 14th, 2022 at 39.348146
Smart Scan Analysis for ZARXAF
Based on our trend formula, ZARXAF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 39.098121 | 39.098121 | 39.098121 | 39.098121 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 39.098121 | 2022-06-18 05:16:23 |