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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.

FOREX_ZARXOF
Open High Low ZARXOF Price Change
39.028058 39.028058 38.390145 38.587887 -0.440171
Entry Signal

MarketClub’s Trade Triangles for ZARXOF

long term down The long-term trend has been DOWN since Jul 23rd, 2021 at 37.484943

intermediate term up The intermediate-term trend has been UP since Oct 14th, 2021 at 38.365806

short term up 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).

+70
Smart Scan Analysis for ZARXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
39.028058 39.028058 38.390145 38.587887 -0.440171
Prev. Close Volume Bid Ask Time
39.028058 2021-10-21 17:31:26
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