Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/Namibian Dollar (FOREX:ZARNAD)
Sidelines Mode (+50) - ZARNAD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until ZARNAD can gain momentum.
Is it time to buy, sell, or avoid ZARNAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARNAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for ZARNAD
The long-term trend has been DOWN since Feb 5th, 2024 at 0.9952074
The intermediate-term trend has been UP since Apr 21st, 2024 at 1.0015563
The short-term trend has been UP since May 8th, 2024 at 0.9981007
Smart Scan Analysis for ZARNAD
Based on our trend formula, ZARNAD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9982221 | 1.0013697 | 0.9982221 | 1.0013697 | +0.0031480 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9982221 | 2024-05-08 21:02:47 |