Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Saturday, February 22, 2025.
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for ZARXOF
The long-term trend has been DOWN since Jan 27th, 2025 at 33.316089
The intermediate-term trend has been UP since Feb 6th, 2025 at 34.179570
The short-term trend has been UP since Feb 21st, 2025 at 34.242177
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 34.094819 | 34.094819 | 34.094819 | 34.094819 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 34.094819 | 2025-02-22 01:41:05 |