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Forex Trend Analysis Report

Prepared for you on Friday, May 7, 2021.

South African Rand/CFA Franc BEAC (FOREX:ZARXAF)

Countertrend Up (+85) - ZARXAF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid ZARXAF?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARXAF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARXAF
Open High Low ZARXAF Price Change
37.676267 37.676267 37.676267 37.676267 0.000000
Entry Signal

MarketClub’s Trade Triangles for ZARXAF

long term up The long-term trend has been UP since May 4th, 2020 at 32.157931

intermediate term up The intermediate-term trend has been UP since Mar 28th, 2021 at 37.019143

short term up The short-term trend has been UP since Apr 18th, 2021 at 38.093637

Smart Scan Analysis for ZARXAF

Based on our trend formula, ZARXAF is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for ZARXAF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
37.676267 37.676267 37.676267 37.676267 0.000000
Prev. Close Volume Bid Ask Time
37.745274 2021-05-02 21:11:55
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