Forex Trend Analysis Report
Prepared for you on Saturday, July 4, 2020.
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.
MarketClub’s Trade Triangles for EURZAR
The long-term trend has been UP since Feb 27th, 2020 at 16.895090
The intermediate-term trend has been UP since Jun 18th, 2020 at 19.638235
The short-term trend has been DOWN since Jul 1st, 2020 at 19.176550
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).