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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.

FOREX_ZARXAF
Open High Low ZARXAF Price Change
33.284793 33.284793 33.284793 33.284793 0.000000
Entry Signal

MarketClub’s Trade Triangles for ZARXAF

long term down The long-term trend has been DOWN since Jun 30th, 2022 at 38.813840

intermediate term down The intermediate-term trend has been DOWN since Jan 16th, 2023 at 35.890047

short term down 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).

-90
Smart Scan Analysis for ZARXAF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
33.284793 33.284793 33.284793 33.284793 0.000000
Prev. Close Volume Bid Ask Time
33.284793 2023-03-18 03:55:54
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