Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

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
34.267305 34.360698 34.143197 34.245093 -0.022212
Entry Signal

MarketClub’s Trade Triangles for ZARXOF

long term down The long-term trend has been DOWN since Feb 27th, 2020 at 38.825308

intermediate term up The intermediate-term trend has been UP since May 21st, 2020 at 33.482900

short term up The short-term trend has been UP since May 20th, 2020 at 33.030636

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
34.267305 34.360698 34.143197 34.245093 -0.022212
Prev. Close Volume Bid Ask Time
34.267305 34.235716 34.254470 2020-05-25 05:05:02
Get a free daily analysis and signals for South African Rand/CFA Franc BCEAO (ZARXOF) - Request Your Free Report.