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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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 Apr 2nd, 2024 at 32.375895
The intermediate-term trend has been DOWN since Nov 14th, 2024 at 34.232982
The short-term trend has been DOWN since Nov 14th, 2024 at 34.232982
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 |
|---|---|---|---|---|
| 34.389355 | 34.512881 | 34.389355 | 34.512881 | +0.123526 |
| Prev. Close | Volume | Bid | Ask | Time |
| 34.389355 | 2024-11-18 13:11:45 |