Forex Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
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 UP since Nov 1st, 2020 at 34.763189
The intermediate-term trend has been DOWN since Mar 8th, 2021 at 35.580497
The short-term trend has been DOWN since Feb 25th, 2021 at 36.249263
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).