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Forex Trend Analysis Report
Prepared for you on Sunday, November 28, 2021.
South African Rand/CFA Franc BCEAO (FOREX:ZARXOF)
Strong Downtrend (-100) - ZARXOF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for ZARXOF
The long-term trend has been DOWN since Jul 23rd, 2021 at 37.484943
The intermediate-term trend has been DOWN since Oct 28th, 2021 at 37.446595
The short-term trend has been DOWN since Nov 16th, 2021 at 37.297943
Smart Scan Analysis for ZARXOF
Based on our trend formula, ZARXOF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 36.016248 | 36.232096 | 35.470559 | 35.551393 | -0.464855 |
| Prev. Close | Volume | Bid | Ask | Time |
| 36.016248 | 2021-11-26 17:00:34 |