Forex Trend Analysis Report

Prepared for you on Thursday, November 30, 2023.

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.

Open	High	Low	ZARXOF Price	Change
31.954851	32.023460	31.703962	31.919717	-0.035134
Entry Signal

MarketClub’s Trade Triangles for ZARXOF

The long-term trend has been UP since Nov 1st, 2023 at 33.377876

The intermediate-term trend has been DOWN since Nov 20th, 2023 at 32.600282

The short-term trend has been DOWN since Nov 30th, 2023 at 31.800516

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

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
31.954851	32.023460	31.703962	31.919717	-0.035134
Prev. Close	Volume	Bid	Ask	Time
31.954851				2023-11-30 12:49:15

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