Forex Trend Analysis Report
Prepared for you on Wednesday, November 25, 2020.
South African Rand/Euro (FOREX:ZAREUR)
Long-Term Uptrend (+90) - ZAREUR is in a strong uptrend that is likely to continue. While ZAREUR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Nov 1st, 2020 at 0.05298294
The intermediate-term trend has been UP since Aug 24th, 2020 at 0.04991850
The short-term trend has been UP since Nov 20th, 2020 at 0.05506912
Smart Scan Analysis for ZAREUR
Based on our trend formula, ZAREUR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).