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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
South African Rand/CFA Franc BCEAO (FOREX:ZARXOF)
Sidelines Mode (-55) - ZARXOF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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MarketClub’s Trade Triangles for ZARXOF
The long-term trend has been UP since Apr 8th, 2024 at 32.586884
The intermediate-term trend has been DOWN since Nov 13th, 2024 at 34.019500
The short-term trend has been UP since Nov 18th, 2024 at 34.403317
Smart Scan Analysis for ZARXOF
Based on our trend formula, ZARXOF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 34.300587 | 34.359483 | 34.220751 | 34.282461 | -0.018126 |
| Prev. Close | Volume | Bid | Ask | Time |
| 34.300587 | 2024-11-20 03:47:35 |