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Forex Trend Analysis Report

Prepared for you on Sunday, June 26, 2022.

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.

FOREX_ZARXAF
Open High Low ZARXAF Price Change
39.098121 39.098121 39.098121 39.098121 0.000000
Entry Signal

MarketClub’s Trade Triangles for ZARXAF

long term up The long-term trend has been UP since Jan 26th, 2022 at 38.357176

intermediate term down The intermediate-term trend has been DOWN since Jun 14th, 2022 at 39.137954

short term down The short-term trend has been DOWN since Jun 14th, 2022 at 39.348146

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).

-60
Smart Scan Analysis for ZARXAF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
39.098121 39.098121 39.098121 39.098121 0.000000
Prev. Close Volume Bid Ask Time
39.098121 2022-06-18 05:16:23
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