Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
South African Rand/CFA Franc BCEAO (FOREX:ZARXOF)
Bull Market Weakness (+75) - ZARXOF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARXOF as it may be in the beginning stages of a reversal.
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 Jul 23rd, 2021 at 37.484943
The intermediate-term trend has been UP since Oct 14th, 2021 at 38.365806
The short-term trend has been UP since Oct 13th, 2021 at 38.083699
Smart Scan Analysis for ZARXOF
Based on our trend formula, ZARXOF is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).