Forex Trend Analysis Report
Prepared for you on Sunday, August 1, 2021.
South African Rand/Euro (FOREX:ZAREUR)
Bear Market Rally (-75) - ZAREUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZAREUR as it may be in the beginning of a reversal.
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 DOWN since Jun 21st, 2021 at 0.05856173
The short-term trend has been UP since Jul 29th, 2021 at 0.05737150
Smart Scan Analysis for ZAREUR
Based on our trend formula, ZAREUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).