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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
New Zealand Dollar/South African Rand (FOREX:NZDZAR)
Countertrend Down (-85) - NZDZAR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid NZDZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDZAR.
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 NZDZAR
The long-term trend has been DOWN since Mar 31st, 2024 at 11.273351
The intermediate-term trend has been DOWN since Apr 26th, 2024 at 11.157442
The short-term trend has been UP since May 3rd, 2024 at 11.146600
Smart Scan Analysis for NZDZAR
Based on our trend formula, NZDZAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 11.108752 | 11.201712 | 11.091850 | 11.153843 | +0.045091 |
| Prev. Close | Volume | Bid | Ask | Time |
| 11.108752 | 2024-05-08 23:30:46 |