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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.

FOREX_ZARXOF
Open High Low ZARXOF Price Change
36.016248 36.232096 35.470559 35.551393 -0.464855
Entry Signal

MarketClub’s Trade Triangles for ZARXOF

long term down The long-term trend has been DOWN since Jul 23rd, 2021 at 37.484943

intermediate term down The intermediate-term trend has been DOWN since Oct 28th, 2021 at 37.446595

short term down 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).

-100
Smart Scan Analysis for ZARXOF
Strong Downtrend Sideways 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
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