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Forex Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

South African Rand/CFA Franc BCEAO (FOREX:ZARXOF)

Sidelines Mode (+55) - ZARXOF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_ZARXOF
Open High Low ZARXOF Price Change
31.981914 32.297106 31.971859 32.206382 +0.224468
Entry Signal

MarketClub’s Trade Triangles for ZARXOF

long term up The long-term trend has been UP since Apr 8th, 2024 at 32.586884

intermediate term up The intermediate-term trend has been UP since Apr 1st, 2024 at 32.346473

short term down The short-term trend has been DOWN since Apr 15th, 2024 at 32.417329

Smart Scan Analysis for ZARXOF

Based on our trend formula, ZARXOF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for ZARXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
31.981914 32.297106 31.971859 32.206382 +0.224468
Prev. Close Volume Bid Ask Time
31.981914 2024-04-19 17:02:49
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