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Forex Trend Analysis Report

Prepared for you on Tuesday, July 5, 2022.

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
17.041275 17.076205 16.863905 16.995525 -0.045750
Entry Signal

MarketClub’s Trade Triangles for EURZAR

long term down The long-term trend has been DOWN since Feb 14th, 2022 at 17.057430

intermediate term up The intermediate-term trend has been UP since Jun 28th, 2022 at 16.938920

short term down The short-term trend has been DOWN since Jul 5th, 2022 at 16.969355

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
17.041275 17.076205 16.863905 16.995525 -0.045750
Prev. Close Volume Bid Ask Time
17.041275 2022-07-05 10:52:05
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