Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
South African Rand/CFA Franc BEAC (FOREX:ZARXAF)
Sidelines Mode (+50) - ZARXAF is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until ZARXAF can gain momentum.
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 DOWN since Jul 28th, 2021 at 37.676267
The intermediate-term trend has been UP since Oct 14th, 2021 at 38.077262
The short-term trend has been UP since Oct 6th, 2021 at 37.785911
Smart Scan Analysis for ZARXAF
Based on our trend formula, ZARXAF is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).