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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.

FOREX_ZARXAF
Open High Low ZARXAF Price Change
36.279453 36.279453 36.279453 36.279453 0.000000
Entry Signal

MarketClub’s Trade Triangles for ZARXAF

long term up The long-term trend has been UP since May 4th, 2020 at 32.157931

intermediate term up The intermediate-term trend has been UP since Feb 7th, 2021 at 36.481740

short term down 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).

+55
Smart Scan Analysis for ZARXAF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
36.279453 36.279453 36.279453 36.279453 0.000000
Prev. Close Volume Bid Ask Time
36.279453 2021-02-25 07:31:43
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