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Forex Trend Analysis Report

Prepared for you on Thursday, November 30, 2023.

South African Rand/CFA Franc BCEAO (FOREX:ZARXOF)

Crossroads (-60) - ZARXOF 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 ZARXOF?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARXOF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARXOF
Open High Low ZARXOF Price Change
31.954851 32.023460 31.703962 31.919717 -0.035134
Entry Signal

MarketClub’s Trade Triangles for ZARXOF

long term up The long-term trend has been UP since Nov 1st, 2023 at 33.377876

intermediate term down The intermediate-term trend has been DOWN since Nov 20th, 2023 at 32.600282

short term down The short-term trend has been DOWN since Nov 30th, 2023 at 31.800516

Smart Scan Analysis for ZARXOF

Based on our trend formula, ZARXOF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for ZARXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
31.954851 32.023460 31.703962 31.919717 -0.035134
Prev. Close Volume Bid Ask Time
31.954851 2023-11-30 12:49:15
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