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Forex Trend Analysis Report
Prepared for you on Thursday, April 18, 2024.
Euro/South African Rand (FOREX:EURZAR)
Sidelines Mode (-55) - EURZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid EURZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURZAR.
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 EURZAR
The long-term trend has been DOWN since Apr 8th, 2024 at 20.128935
The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 20.277510
The short-term trend has been UP since Apr 15th, 2024 at 20.234060
Smart Scan Analysis for EURZAR
Based on our trend formula, EURZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 20.278660 | 20.440620 | 20.229035 | 20.405155 | +0.126495 |
| Prev. Close | Volume | Bid | Ask | Time |
| 20.278660 | 2024-04-18 20:21:30 |