Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
South African Rand/CFA Franc BEAC (FOREX:ZARXAF)
Sidelines Mode (+55) - ZARXAF 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 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.
MarketClub’s Trade Triangles for ZARXAF
The long-term trend has been UP since May 4th, 2020 at 32.157931
The intermediate-term trend has been UP since Feb 7th, 2021 at 36.481740
The short-term trend has been DOWN since Feb 25th, 2021 at 37.060963
Smart Scan Analysis for ZARXAF
Based on our trend formula, ZARXAF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).