Forex Trend Analysis Report
Prepared for you on Friday, January 21, 2022.
South African Rand/Euro (FOREX:ZAREUR)
Crossroads (+60) - ZAREUR 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 ZAREUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZAREUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZAREUR
The long-term trend has been DOWN since Jul 25th, 2021 at 0.05714543
The intermediate-term trend has been UP since Jan 19th, 2022 at 0.05720043
The short-term trend has been UP since Jan 3rd, 2022 at 0.05569077
Smart Scan Analysis for ZAREUR
Based on our trend formula, ZAREUR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).