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Forex Trend Analysis Report

Prepared for you on Thursday, February 25, 2021.

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
17.672535 18.328060 17.626690 18.226205 +0.553670
Entry Signal

MarketClub’s Trade Triangles for EURZAR

long term down The long-term trend has been DOWN since Nov 1st, 2020 at 18.874500

intermediate term down The intermediate-term trend has been DOWN since Feb 3rd, 2021 at 17.951250

short term up The short-term trend has been UP since Feb 25th, 2021 at 18.095735

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
17.672535 18.328060 17.626690 18.226205 +0.553670
Prev. Close Volume Bid Ask Time
17.672535 2021-02-25 13:32:40
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