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Forex Trend Analysis Report
Prepared for you on Monday, March 31, 2025.
South African Rand/CFA Franc BCEAO (FOREX:ZARXOF)
Countertrend Down (-85) - ZARXOF is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for ZARXOF
The long-term trend has been DOWN since Jan 27th, 2025 at 33.316089
The intermediate-term trend has been DOWN since Mar 2nd, 2025 at 33.742473
The short-term trend has been UP since Mar 28th, 2025 at 33.507125
Smart Scan Analysis for ZARXOF
Based on our trend formula, ZARXOF is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 32.852374 | 33.314229 | 32.852184 | 33.083383 | +0.231009 |
| Prev. Close | Volume | Bid | Ask | Time |
| 32.852374 | 2025-03-31 17:12:42 |