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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.

FOREX_ZARXOF
Open High Low ZARXOF Price Change
35.876232 35.890355 35.491709 35.677862 -0.198370
Entry Signal

MarketClub’s Trade Triangles for ZARXOF

long term up The long-term trend has been UP since Nov 1st, 2020 at 34.763189

intermediate term down The intermediate-term trend has been DOWN since Mar 8th, 2021 at 35.580497

short term down 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).

-60
Smart Scan Analysis for ZARXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
35.876232 35.890355 35.491709 35.677862 -0.198370
Prev. Close Volume Bid Ask Time
35.876232 2021-03-08 20:23:12
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