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Forex Trend Analysis Report

Prepared for you on Friday, February 21, 2020.

Euro/South African Rand (FOREX:EURZAR)

Crossroads (+60) - EURZAR is struggling to move into a solid trend. Beware of choppy markets 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
16.315195 16.406435 16.291200 16.311550 -0.003645
Entry Signal

MarketClub’s Trade Triangles for EURZAR

long term down The long-term trend has been DOWN since Dec 18th, 2019 at 15.92536

intermediate term up The intermediate-term trend has been UP since Jan 14th, 2020 at 16.12625

short term up The short-term trend has been UP since Feb 17th, 2020 at 16.22330

Smart Scan Analysis for EURZAR

Based on our trend formula, EURZAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for EURZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.315195 16.406435 16.291200 16.311550 -0.003645
Prev. Close Volume Bid Ask Time
16.315195 16.310100 16.313000 2020-02-21 06:29:24
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