Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
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.
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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 UP since May 2nd, 2025 at 31.488873
The short-term trend has been UP since Apr 15th, 2025 at 30.733153
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 32.010006 | 32.122209 | 31.950749 | 32.087373 | +0.077367 |
| Prev. Close | Volume | Bid | Ask | Time |
| 32.010006 | 2025-05-09 07:11:02 |