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.
MarketClub’s Trade Triangles for EURZAR
The long-term trend has been DOWN since Dec 18th, 2019 at 15.92536
The intermediate-term trend has been UP since Jan 14th, 2020 at 16.12625
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).