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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
South African Rand/CFA Franc BEAC (FOREX:ZARXAF)
Countertrend Up (+85) - ZARXAF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Jun 21st, 2024 at 33.418498
The short-term trend has been UP since Jul 26th, 2024 at 33.040200
Smart Scan Analysis for ZARXAF
Based on our trend formula, ZARXAF is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 33.082859 | 33.082859 | 33.060849 | 33.060849 | -0.022010 |
| Prev. Close | Volume | Bid | Ask | Time |
| 33.082859 | 2024-07-26 14:00:16 |