Forex Trend Analysis Report

Prepared for you on Thursday, April 25, 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.

Open	High	Low	ZARXOF Price	Change
31.861491	32.310926	31.852711	32.142436	+0.280945
Entry Signal

MarketClub’s Trade Triangles for ZARXOF

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

The intermediate-term trend has been DOWN since Apr 24th, 2024 at 31.871996

The short-term trend has been UP since Apr 25th, 2024 at 32.285990

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

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
31.861491	32.310926	31.852711	32.142436	+0.280945
Prev. Close	Volume	Bid	Ask	Time
31.861491				2024-04-25 10:30:43

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