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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

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
32.985870 33.096046 32.905429 33.070884 +0.085014
Entry Signal

MarketClub’s Trade Triangles for ZARXOF

long term up The long-term trend has been UP since Apr 8th, 2024 at 32.586884

intermediate term down The intermediate-term trend has been DOWN since May 30th, 2024 at 32.682963

short term up The short-term trend has been UP since Jun 10th, 2024 at 32.291940

Smart Scan Analysis for ZARXOF

Based on our trend formula, ZARXOF is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for ZARXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
32.985870 33.096046 32.905429 33.070884 +0.085014
Prev. Close Volume Bid Ask Time
32.985870 2024-06-13 06:41:53
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