Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, July 7, 2022.

South African Rand/CFA Franc BCEAO (FOREX:ZARXOF)

Long-Term Downtrend (-90) - ZARXOF is in a strong downtrend that is likely to continue. While ZARXOF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
38.339716 38.372082 38.336534 38.366158 +0.026442
Entry Signal

MarketClub’s Trade Triangles for ZARXOF

long term down The long-term trend has been DOWN since Jul 1st, 2022 at 38.202029

intermediate term down The intermediate-term trend has been DOWN since Jun 28th, 2022 at 38.721953

short term down The short-term trend has been DOWN since Jul 6th, 2022 at 38.403012

Smart Scan Analysis for ZARXOF

Based on our trend formula, ZARXOF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ZARXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
38.339716 38.372082 38.336534 38.366158 +0.026442
Prev. Close Volume Bid Ask Time
38.339716 2022-07-07 00:40:19
Get a free daily analysis and signals for South African Rand/CFA Franc BCEAO (ZARXOF) - Request Your Free Report.