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Forex Trend Analysis Report

Prepared for you on Thursday, April 25, 2024.

South African Rand/CFA Franc BEAC (FOREX:ZARXAF)

Weak Downtrend (-65) - ZARXAF is showing signs of a strengthening downtrend. Monitor ZARXAF as it may be building momentum to the downside.

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
31.876306 31.876306 31.876306 31.876306 0.000000
Entry Signal

MarketClub’s Trade Triangles for ZARXAF

long term up The long-term trend has been UP since Apr 2nd, 2024 at 32.375895

intermediate term down The intermediate-term trend has been DOWN since Apr 22nd, 2024 at 32.234987

short term down The short-term trend has been DOWN since Apr 16th, 2024 at 32.639816

Smart Scan Analysis for ZARXAF

Based on our trend formula, ZARXAF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for ZARXAF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
31.876306 31.876306 31.876306 31.876306 0.000000
Prev. Close Volume Bid Ask Time
31.876306 2024-04-24 21:01:07
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