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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

South African Rand/Euro (FOREX:ZAREUR)

Weak Downtrend (-65) - ZAREUR is showing signs of a strengthening downtrend. Monitor ZAREUR as it may be building momentum to the downside.

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.

FOREX_ZAREUR
Open High Low ZAREUR Price Change
0.04887145 0.04888300 0.04856869 0.04883150 -0.00004000
Entry Signal

MarketClub’s Trade Triangles for ZAREUR

long term down The long-term trend has been DOWN since Jan 17th, 2024 at 0.04830615

intermediate term down The intermediate-term trend has been DOWN since Feb 20th, 2024 at 0.04858621

short term down The short-term trend has been DOWN since Mar 18th, 2024 at 0.04885350

Smart Scan Analysis for ZAREUR

Based on our trend formula, ZAREUR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for ZAREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04887145 0.04888300 0.04856869 0.04883150 -0.00004000
Prev. Close Volume Bid Ask Time
0.04887145 2024-03-28 11:40:03
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