Forex Trend Analysis Report
Prepared for you on Monday, March 27, 2023.
South African Rand/CFA Franc BEAC (FOREX:ZARXAF)
Long-Term Downtrend (-90) - ZARXAF is in a strong downtrend that is likely to continue. While ZARXAF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Jun 30th, 2022 at 38.813840
The intermediate-term trend has been DOWN since Jan 16th, 2023 at 35.890047
The short-term trend has been DOWN since Jan 10th, 2023 at 36.089978
Smart Scan Analysis for ZARXAF
Based on our trend formula, ZARXAF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).