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.
MarketClub’s Trade Triangles for ZARXAF
The long-term trend has been UP since May 4th, 2020 at 32.157931
The intermediate-term trend has been UP since Mar 28th, 2021 at 37.019143
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).