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Forex Trend Analysis Report

Prepared for you on Sunday, February 23, 2020.

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

Crossroads (+60) - ZARXOF is struggling to move into a solid trend. Beware of choppy markets 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
40.205285 40.435042 39.978820 40.305572 +0.100287
Entry Signal

MarketClub’s Trade Triangles for ZARXOF

long term up The long-term trend has been UP since Dec 18th, 2019 at 41.190000

intermediate term down The intermediate-term trend has been DOWN since Jan 14th, 2020 at 40.673644

short term down The short-term trend has been DOWN since Feb 17th, 2020 at 40.433023

Smart Scan Analysis for ZARXOF

Based on our trend formula, ZARXOF is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for ZARXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
40.205285 40.435042 39.978820 40.305572 +0.100287
Prev. Close Volume Bid Ask Time
40.205285 40.293189 40.317955 2020-02-21 17:13:30
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