Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, December 11, 2024.
Euro/South African Rand (FOREX:EURZAR)
Long-Term Downtrend (-90) - EURZAR is in a strong downtrend that is likely to continue. While EURZAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Apr 8th, 2024 at 20.128935
The intermediate-term trend has been DOWN since Dec 9th, 2024 at 18.736240
The short-term trend has been DOWN since Dec 9th, 2024 at 18.985490
Smart Scan Analysis for EURZAR
Based on our trend formula, EURZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 18.740100 | 18.744530 | 18.735365 | 18.739225 | -0.000875 |
| Prev. Close | Volume | Bid | Ask | Time |
| 18.740100 | 2024-12-11 00:16:02 |