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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

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
16.81015 16.96233 16.80739 16.95166 +0.14151
Entry Signal

MarketClub’s Trade Triangles for EURZAR

long term up The long-term trend has been UP since Jul 25th, 2021 at 17.499885

intermediate term down The intermediate-term trend has been DOWN since Oct 14th, 2021 at 17.095725

short term up The short-term trend has been UP since Oct 12th, 2021 at 17.429935

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
16.81015 16.96233 16.80739 16.95166 +0.14151
Prev. Close Volume Bid Ask Time
16.81015 2021-10-21 09:46:13
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