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Forex Trend Analysis Report

Prepared for you on Monday, May 27, 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.

FOREX_EURZAR
Open High Low EURZAR Price Change
19.975160 20.029240 19.940450 19.983005 +0.007845
Entry Signal

MarketClub’s Trade Triangles for EURZAR

long term down The long-term trend has been DOWN since Apr 8th, 2024 at 20.128935

intermediate term down The intermediate-term trend has been DOWN since May 1st, 2024 at 19.926695

short term up The short-term trend has been UP since May 23rd, 2024 at 19.873020

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).

-55
Smart Scan Analysis for EURZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.975160 20.029240 19.940450 19.983005 +0.007845
Prev. Close Volume Bid Ask Time
19.975160 2024-05-27 07:51:20
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